 The town of Talbot was laid out by Ezekiel M. Talbot (chief engineer of the LM&B Railroad) and his wife Marietta on February 18, 1873, the plat consisting of 71 lots.The couple would also lay out the nearby town of Ambia two years later.In the 1920s, Talbot had a population of about 200, plus a Methodist church, grain elevator, grade school and eight to ten businesses.