POTS sometimes have high voltage on the lines. Remember these phones received the power from the phone line, and they had to ring. Ringing old times were solenoids hitting bells with hammers. From the top of my head, 70-100V is easily on these lines. Depending on how these resistors were connected, they might need to dissipate a bunch of power.
And then there were the different fault conditions, for example that are caused by construction workers, 100% of the time reliably cutting through the lines half an hour after they hear where the phone lines are. And random people randomly connecting everything, including 230V to these lines.
Using solder as a fuse on a highly conductive ceramic substrate is... smart I guess?