Erastus R. Stone begins construction of his dream home, an American palace with Oriental and Medieval European influences.
Erastus R. Stone runs out of funding for his castle after spending $30,000 on its construction, an astronomical figure during that time. Today’s equivalent, considering the worth of the dollar and also comparing the costs of certain building materials, is roughly $7.3 million.
During the 1890s, Stone’s Folly was purchased by the American Bible Society of Philadelphia for a mere $5,000.
* September-October 1900
Rev. Charles Parham rents Stone’s Folly for use as Bethel College and Bible School and as a healing home.
* January 1, 1901
The Holy Ghost is poured out as the students pray in the New Year of a New Century!
* June, 1901
Stone’s Folly is purchased by Harry Croft and the occupants of the Bethel Healing House and Bible School are evicted. Instead, the building becomes home to a speakeasy, a casino, and a brothel.
* December 6, 1901
Stone’s Folly is completely destroyed by fire, leaving only a shell.