[1][2][self-published source] Walters was likely born in Plymouth, England,[3] and emigrated to British America, where he was a resident of New York City by 1685.
[4] Walters became a wealthy businessman and, in 1698, he was appointed to the Council by Richard Coote, 1st Earl of Bellomont, Governor of the Province of New York.
As a member of the court, he was part of the group that tried and condemned to death Col. Nicholas Bayard and John Hutchins for treason.
The resulting uproar led to his suspension on June 9, 1702, from both the Court and the Governor's Council.
In 1710, however, he was again appointed to the Governor's Council and in 1718, was commissioned as Second Judge of the Supreme Court of Judicature, remaining on the bench until his death in 1733.