It goes back to stage tradition. For instance, "Miss Helen Hayes, the First Lady of the American Theater." It is our alternative to a knighthood, such as Dame Judi Dench or Sir Alec Guinness.
Back in the olden days, which were not so olden for Miss Stanwyck, acting was considered a way for the immoral to make a buck. (As we have seen from celebrity news, that isn't so far from the truth even today.) To distinguish those who rose above the rest in talent, character, and longevity, Miss was employed with the name that the person made famous--rather than changing it for every husband. :) (Miss, in this sense, is an early form of Ms.) That says that Miss or Mister are true professionals and true gentlemen and ladies. Celebs are a dime a dozen but stars shine for the ages.
(Mr, minus the period, is still used in Britain to designate a person of stature who is a member of the Royal College of Surgeons. One might also look to the respect of the title Mr. in, "They call me Mister Tibbs!" The US prefers Mr. or Madam President rather than Mr. and Miss. Wiki mentions that Gordie Howe is Mr. Hockey and Reggie Jackson is Mr. October. After the Civil War, there were a lot of Colonels who used the title regardless of military achievement. :)Colonel Sanders was given the title Kentucky Colonel by the governor for his contribution to the state's cuisine, which makes it a sort of knighthood.)
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