He later became partner in the banking and brokerage firm of Hallett & Company of New York City, and in this connection made frequent trips to Europe, especially to interest European capitalists in the construction of the Kansas Pacific Railway, of which his banking firm was a sponsor.
Talcott, in a letter to president Abraham Lincoln, accused Hallett of substandard construction of the railroad.
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As a result, Talcott was physically assaulted by one of Hallett's brothers in Wyandotte, Kansas (across the Kansas River from Kansas City, Kansas).
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