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speratus said:
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The efficacy of baptism is not tied to that moment of time wherein it is administered; yet, notwithstanding, by the right use of this ordinancy the grace promised is not only offered, but really exhibited and conferred by the Holy Ghost, to such (whether of age or infants) as that grace belongeth unto, according to the counsel of God's own will, in his appointed time.

Westminster Confession of Faith, Baptism

Do modern Calvinists still believe this? If so, how can they have any fellowship with those who deny that baptism is a efficacious means of grace?

BTW, the WCF article is in agreement with the Lutheran Book of Concord.

Speratus: First you haven't proven the Baptists deny baptism as an efficacious means of grace.

Second: Your reasoning regarding the wickedness of baptists is still flawed. Do not Lutherans when they have catechumins that are not infants and not baptized baptize them after they have completed their studies and joined the Church? Why do they not baptize them first and then continue with their instruction? Are they not just as "wicked as the Baptists?

Peter

If you believe what you like in the gospels, and reject what you don't like, it is not the gospel you believe, but yourself. Augustine of Hippo