Do not neglect the spiritual gift within you, which was bestowed on you through prophetic utterance with the laying on of hands by the presbytery.
The way I read it, the presbyters or elders (in the plural) laid hands on them and spoke prophetic words and thus transmitted a spiritual gift. It seems to suggest that there is more to the transmission of the faith than words alone. Or at least that the Apostles thought there was. Am I reading it wrong?
The "elders" of the ekklesia were to be chosen from among that group and were given specific requirements for that position. Not one of the Catholic Leadership today qualify. So for Catholics to play the game of "how it's done" is ridiculous.