I’ve never read Schofield before, so I don’t know if you’ve left anything out of the quote with the “....” between Christ and THE POINT.
Are there missing words?
(2) As a dispensation, grace begins with the death and resurrection of Christ Rom 3:24-26 4:24,25. The point of testing is no longer legal obedience as the condition of salvation, but acceptance or rejection of Christ, with good works as a fruit of salvation, Jn 1:12,13 3:36 Mt 21:37 22:24 Jn 15:22,25 Heb 1:2 1Jn 5:10-12. The immediate result of this testing was the rejection of Christ by the Jews, and His crucifixion by Jew and Gentile Acts 4:27. The predicted end of the testing of man under grace is the apostasy of the professing church: See "Apostasy" See Scofield Note: "2Tim 3:1" 2Tim 3:1-8 and the resultant apocalyptic judgments.
From just the Bible then, How many "dispensations" are there?
I don’t have a Scofield reference Bible either (nor would I ever buy one). The quote can be found by googling it. It’s on both pro and con dispensational sites.
I went back to another site and found that this is the part that was missing: “(Rom. 3. 24-26; 4. 24, 25).”
Which, by the way, don’t support Scofield’s supposition.
Again, the question is about the “Period of Grace.” Do you agree with that statement (i.e. “The point of testing is no longer legal obedience as the condition of salvation, but acceptance or rejection of Christ”)?