Pieter Stadnitski (2 April 1735 – 29 November 1795) was a Dutch broker and financier who invested in the United States, including federal and state debt, canal companies, and land speculation, especially the Holland Land Company. He was the first to bring speculative American bonds - issued by the Congress to finance the American War of Independence - to the Amsterdam market in 1787. Stadnitski was co-founder in 1789 and from 1793 head of a small group of Amsterdam trading houses that bought land in the states of New York and Pennsylvania on a large scale. His role was considered significant by Thomas Jefferson.
Life
Pieter Stadnitski was born 2 April 1735 in Amsterdam, the son of Jan Stadnitski (1709-1758) and Sara de Clercq (1699-1770). Her family (textile merchants) were members of the Mennonite church. His father was a deacon of the congregation in 1734-40 and 1752-57. Pieter grew up at Keizersgracht 108. He lived at Leliegracht 39 with his mother and sister when he married Christina Costner (1744-1799) in 1763. The couple had five children: Sara (wife of Arend van Halmael), Jacoba (wife of Jan Fransz. van Heukelom), Jan (husband of Geertruid Brechta Uitenhage de Mist and a son-in-law of Jacob Abraham Uitenhage de Mist), Cornelia, and Andries (husband of Susanna van Heukelom). Four of them were baptized in the nearby Remonstrant hidden church.
From 1783 he was a member of the Vaderlandsche Societeit, a civic and democratic society. Other members whose families became associates in the Holland Land Company included Hendrik Vollenhoven, Christian van Eeghen, Pieter van Eeghen, Nicolaas van Staphorst, Jacob van Staphorst, Jan van Staphorst, Rutger Jan Schimmelpenninck, Frans van Heukelom, Nicholas van Heukelom, Jan ten Broeke Willink, Jan Ananias Willink, and Hendrik Willink. After 1785, Stadnitski was more an aristocratic than a democratic patriot. By April 1787, he had moved to a prestigious mansion at Herengracht, close to the town hall and stock market. In October, he opposed the defence of the city; after Amsterdam was invaded by a Prussian army, Stadnitsky didn't flee.
Career
At end of the 18th century it became fashionable for Dutch businessmen to invest in the young United States, and many were talked into investing in land there after John Adams signed the trade treaty with the Netherlands in 1782. With the Treaty of Paris (1783) circumstances markedly improved. Stadnitski invested significantly in U.S. debt during the 1780s and bundled these into negotiaties (a mortgage fund whose loans were financed by bearer bonds held by private investors.) In 1785 and 1786 he and Vollenhoven organised a loan for France. In February 1787 the Willinks, Stadnitski and Van Berckel provided a loan of $100,000 to the US, followed in March with another one. He published: Ophelderend Bericht Wegens Het Fonds, Genaamd Liquidated Debt, of Vereffende Schulden, Ten Lasten de Vereenigde Staaten Van America. In September 1787 he was visited by Étienne Clavière and Jacques Pierre Brissot, and decided sent the latter as an undercover asset scout to Philadelphia. In the same month a loan was organized for the US. Stadnitski structured the trust as 720 shares, offered at one thousand guilders each, with a twenty-five-year expiration date. United States securities thus offered one more harbor — a relatively safe and profitable one — in which Dutch investors could anchor their wealth.
Since 1788 Holland's finances were hopelessly in disarray; however, the rulers were unwilling to pay the price of full amnesty for rescuing the Patriots, living in the northwest of France and Paris. In 1788 Stadnitski managed to lure the Orangist Laurens van de Spiegel into a trap; he put him on the idea of a forced loan, and when the States-General took up the idea, he and his kindred spirits voted against it, stirred up resentment against the incumbent government and depressed Holland's bonds by stock market manoeuvres. In May 1789 they launched a loan to France, the so-called House of Four (the brothers Van Staphorst and Van Eeghen and ten Cate and Vollenhoven) decided to send Theophile Cazenove to the United States who began purchasing land in 1792; he published a prospectus, Voorafgaand bericht, wegens eene negotie, op landen in America. In early 1793, when Holland had to go deeper into debt for the Dutch East India Company and issued a 4% loan for an unspecified amount, the commercial world refused to cooperate. Again it was Stadnitski, who offered help from the Patriots on condition of a general pardon. Van de Spiegel refused the offer and Holland saved itself by demanding a liberal donation.