Walcott moved to New York City in 1907 and engaged in the manufacture of cotton cloth and banking. When Walcott moved to Norfolk, Connecticut, in 1910, he continued his business connections in New York City until 1921, when he retired from active business pursuits.
During the First World War, Walcott served with the United States Food Administration as assistant to Herbert Hoover; he was decorated by the government of France with the Legion of Honor and by Poland with the Officer's Cross.[2] He was president of the Connecticut Board of Fisheries and Game from 1923 to 1928 and chairman of the Connecticut Water Commission from 1925 to 1928. He was a delegate to Republican National Convention from Connecticut in 1924, 1928, and 1932.[3]
Walcott was a member of the state senate from 1925 to 1929, serving as president pro tempore from 1927 to 1929. He was elected as a Republican to the U.S. Senate and served from March 4, 1929, to January 3, 1935,[4] and was an unsuccessful candidate for re-election in 1934.
From 1935 to 1939, Walcott was commissioner of welfare of Connecticut, and a member of the advisory committee of the Human Welfare Group of Yale University from 1920 to 1948, and of Bethume Cookman College, Daytona, Florida, from 1922 to 1948. He also served as regent of the Smithsonian Institution from 1941 to 1948.[5]
Death
Walcott died in Stamford, Connecticut on April 27, 1949, (age 80 years, 67 days). He is interred at New Milford Center Cemetery in New Milford.[6]