Eusebius offers us further evidence that the church in Montanus' day did not reject the gift of prophecy, but rather Montanus manner of prophesying. (They may have rejected the content and the political manuevering as well, but that is not addressed in this quote.)
Eusebius quotes Zoticus of Otrous, who writes concerning Montanism,
"...a recent convert, Montanus by name, through his unquenchable desire for leadership,236 gave the adversary opportunity against him. And he became beside himself, and being suddenly in a sort of frenzy and ecstasy, he raved, and began to babble and utter strange things, prophesying in a manner contrary to the constant custom of the Church handed down by tradition from the beginning."
We see here that Zoticus believed that prophecy continued to his own age, since the custom related to how to exercise the gift continued into his own day. It is clear that Eusebius, a historian close to the time, believed these gifts were exercised in the second century, although he may not have witnessed them in his own day.
237 The fault found by the Church with Montanus' prophecy was rather because of its form than because of its substance. It was admitted that the prophecies contained much that was true, but the soberer sense of the Church at large objected decidedly to the frenzied ecstasy in which they were delivered. That a change had come over the Church in this respect since the apostolic age is perfectly clear. In Paul's time the speaking with tongues, which involved a similar kind of ecstasy, was very common; so, too, at the time the Didache was written the prophets spoke in an ecstasy (en pneumati, which can mean nothing else; cf. Harnack's edition, p. 122 sq.). But the early enthusiasm of the Church had largely passed away by the middle of the second century; and though there were still prophets (Justin, for instance, and even Clement of Alexandria knew of them), they were not in general characterized by the same ecstatic and frenzied utterance that marked their predecessors. To say that there were none such at this time would be rash; but it is plain that they had become so decidedly the exception that the revival by the Montanists of the old method on a large scale and in its extremest form could appear to the Church at large only a decided innovation. Prophecy in itself was nothing strange to them, but prophecy in this form they were not accustomed to, and did not realize that it was but a revival of the ancient form (cf. the words of our author, who is evidently quite ignorant of that form). That they should be shocked at it is not to be wondered at, and that they should, in that age, when all such manifestations were looked upon as supernatural in their origin, regard these prophets as under the influence of Satan, is no more surprising. There was no other alternative in their minds. Either the prophecies were from God or from Satan; not their content mainly, but the manner in which they were delivered aroused the suspicion of the bishops and other leaders of the Church. Add to that the fact that these prophets claimed supremacy over the constituted Church authorities, claimed that the Church must be guided by the revelations vouchsafed to women and apparently half-crazy enthusiasts and fanatics, and it will be seen at once that there was nothing left for the leaders of the Church but to condemn the movement, and pronounce its prophecy a fraud and a work of the Evil One. That all prophecy should, as a consequence, fall into discredit was natural. Clement (Strom. I. 17) gives the speaking in an ecstasy as one of the marks of a false prophet,-Montanism had evidently brought the Church to distinct consciousness on that point,-while Origen, some decades later, is no longer acquainted with prophets, and denies that they existed even in the time of Celsus (see Contra Cels.VII. 11).
