Andries Pels (2 September 1655, in Amsterdam – 8 February 1731) was a wealthy Dutch banker and insurer. He began as someone who had devoted himself to the merchandise trade, along with his brother Guillelmo, but after the latter's death in 1705 he concentrated more and more on the money and exchange business. In 1707, he founded the firm Andries Pels & Sons, the largest merchant bank of the day, that lasted until 1774.
35-452: [REDACTED] Look up pels in Wiktionary, the free dictionary. Pels may refer to: People [ edit ] Andries Pels (1655–1731), a Dutch banker and insurer Gerrit Pels (1893–1966), a Dutch astronomer 1667 Pels , a main-belt asteroid Jessica Pels (born 1986), American magazine editor Pels Rijcken (1810–1889),
70-419: A Royal Dutch Navy officer and politician Other uses [ edit ] New Orleans Pelicans , or "Pels", an American baseball team See also [ edit ] All pages with titles containing Pels Pel (disambiguation) PEN/Laura Pels Theater Award , an award for playwrights Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
105-681: A major part in the finances of the Dutch East India Company (VOC) through Thomas Hope and his brother Adrian. During the Seven Years' War (1756–1763) the Hope brothers profited from the Netherlands' neutral position and became very wealthy. The Hopes became heavily involved in the Dutch Caribbean , and Danish West Indies . They specialised in plantation loans, in which the entire produce of
140-511: A member of the board. In 1771 the bank together with Adrian Hope bought negotiaties for 904,000 guilders. It is unclear how much the bank was involved crisis of 1772 and the fall of the EIC -stocks. In May 1773 the bank went on for another year. When his uncle died in March 1774, the company came to an end. The Pels family originated in 's-Hertogenbosch and was involved in city government as early as
175-779: A number of plantations in Suriname . In 1742 his widow, Angenita Pels-Bouwens (1660–1749), was the richest woman in Amsterdam, living at the Golden Bend . In 1720, his daughter Johanna Sara had married Jan Bernd Bicker. Their sons Henric en Jan Bernd Bicker managed the bank from 1750. In 1758 Giacomo Casanova was commissioned by Madame d’Urfé to sell a share package of the Swedish East India Company in Holland. He met Pels and several other bankers on selling French state bonds to fill
210-597: The Baltic states . In 1750, Stadtholder William IV appointed Thomas as his representative in the meeting of directors of the West India Company (WIC), but it ended the year after when all the appointments were reverted. In 1752, he became a member of the "Lords XVII", the managers of the VOC. Four years later Thomas represented Anne of Hanover in the VOC. The company moved to Keizersgracht in 1758. The firm operated as agents to
245-731: The Seven Years' War (1756-1763), the bank temporarily revived. During the Amsterdam banking crisis of 1763 there was a great lack of cash; the bank was not prepared to prop up Leendert Pieter de Neufville , but preferred a loan to Heinrich Carl von Schimmelmann the owner of four large cotton and sugar cane plantations in the Danish West Indies (today the American Virgin Islands in the Caribbean). In 1767 Jan Bernd Bicker started to work as an apprentice; for years later he became
280-560: The Third Partition of Poland Robert Voûte, an employee, went to Saint Petersburg; by buying up Polish bonds prudently in 1798, the partners of Hope & Co. made a huge profit. Then Hope & Co supplied loans to Portugal (to Rodrigo de Sousa Coutinho and John VI of Portugal ). In 1803, the bank was involved in financing the Louisiana Purchase . Hope took over the direction of the financial operation on Lousiana, and they were
315-547: The Treaty of Aix-la-Chapelle (1748) . Until 1750, the firm was the leading banking house in Europe, "shrouded in a haze of wealth, fame and arcane power", but hardly seems to have grown any more in contrast to Hope & Co. In 1757 Frederick the Great wanted to take out a loan of half a million from the bank. The mayors of Amsterdam referred Hendric Bicker to Pieter Steyn . At the end of
350-523: The crisis of 1772 and the fall of the EIC-stocks. The turnover with the Amsterdam Exchange Bank plummeted from more than 50 million guilders in 1772 to 30 million in 1773. In 1774 Fordyce was forced to sell his estate to Sir Joshua Vanneck, 1st Baronet ; the plaintiffs were Hope & Co and Harman and Co. George Colebrooke went bankrupt. Though primarily interested in trade deals from
385-496: The 15th and 16th centuries. Aarnout or Arnold Pels went to Antwerp in an unknown year. His children fled to Germany after the fall of Antwerp . Via Frankenthal and Hanau-Neustadt , some of his descendants eventually arrived in Utrecht and Amsterdam. Other members of the family moved to Cologne, Hamburg, and Stade . He was nephew of his namesake, the poet Andries Pels, and cousin to governor Paulus van der Veen from whom he inherited
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#1732855887788420-400: The 1780s. The adopted John Williams joined the Hope company in 1782. The company supplied Frederick VI of Denmark with money, a plantation on Saint Croix served as collateral ; in 1786 they supplied a loan to Stanisław August Poniatowski . In 1785 Nicolas Bauduoin (-1787) and Jan Caspar Hartsinck were members in the board; two years later Hartsinck was appointed in the city council by
455-457: The 19th century Hope & Co. specialized in railway investments in the United States and Russia. In the 20th century the emphasis shifted from international transport to Dutch investments. From 1885 Hope & Co. cooperated and in 1937, Hope & Co. acquired Van Loon & Co., formerly Wed. Borski . In 1966 Hope & Co. merged with R. Mees & Zoonen to form Mees & Hope. In 1969,
490-548: The Amsterdam portion of the investments, together with Alexander Baring . Thomas Hope was a member of the China-committee and likely started to collect blue and white Chinaware. In 1770 the mansion was renovated and in 1771 they acquired a fine collection of paintings from two Mennonite brothers in Rotterdam. Both Jan, supported by his wife, and Henry collected paintings, statues and Loosdrechts porcelain. In 1783 Jan Hope sued
525-671: The British government which supplied loans to Frederick the Great during the Seven Years' War . The turnover raised from 10 to 37 million between 1755-1762. In October 1759 and March 1760 the Hope brothers bought at auction from the Dutch East India Company a massive 595,879 pounds of tea, at a cost of more than one million guilders. There is no doubt that they intended to flood the North American market. In 1762 when Jan (John) and his nephew Henry Hope (1736–1811) joined Hopes,
560-436: The Netherlands as the center of world commerce in the 18th century. The archive of Thomas Hope is mixed up with the archive of Jean Chrétien Baud because of the latter's interest in the Dutch East India Company . Unlike banks today, the partners of Hope & Co. mixed up their private business with public business and the bank's business. Letters in the archive touch on many subjects at once. A particularly rich portion of
595-484: The archive is the correspondence in the period 1795–1815, when Henry Hope was forced to leave the Netherlands and set up offices in London. The regular correspondence between the Amsterdam and London branches give important insights into trade negotiations of the period and how they were done. In many historical documents, this bank is referred to as simply "Hopes" and sometimes "Hopes of Rotterdam" or "Hopes of Amsterdam". In
630-558: The bubble that led to the passage of the Bubble Act in London. Archibald and Henry invested in the Provinciale Utrechtsche Geoctroyeerde Compagnie (1720-1752). Charles Hope, 1st Earl of Hopetoun was a cousin. In this early period the Hope brothers made money organizing shipment for Quakers and Swiss Mennonites out of Rotterdam (under the direction of Archibald, Isaac and Zachary). The top years for
665-605: The corner of Harley Street and Cavendish Square . Thomas Hope of Deepdene was collecting art, sculptures, antique vases and books in Duchess Street . His son Henry Thomas Hope inherited the collection after 1831. Lord Francis Pelham Clinton-Hope sold the Hope Collection of Pictures in 1898. The Hope archive (1725–1940), at the Amsterdam City Archives , is an important source for the history of Amsterdam and
700-551: The foundation of St. Peterburg, Pels had ships loaded at Kronstadt with grain, linseed , tallow, potash , and tar, as well as rhubarb. Between December 1712 and March 1714, James Brydges , paymaster of the Forces, conducted transactions through Pels' account with a total value of more than half a million guilders. His bank money transactions at the Wisselbank doubled between 1686 and in 1726 and surpassed Clifford & Co . In 1715
735-487: The name was changed to Hope & Co and a new era began. From that time the firm concentrated on banking. They expanded the offices in Amsterdam, totalling 26 people. Their turnover reached 47 million guilders in 1762. This peak was followed by a sharp decline in 1763 and 1764, when the figures were 42 and 33 million guilders respectively. During the Amsterdam banking crisis of 1763 Hope & Co helped out Leendert Pieter de Neufville . Henry's first substantial foreign loan
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#1732855887788770-426: The painter Louis Gerverot . Around 1790 John Williams Hope was portrayed by Angelika Kaufmann . When Pichegru occupied the south Henry fled from Hellevoetsluis on 17 October 1794. Henry took as much art he could ship according to August Schlegel . The paintings that were too large to take to London and which remained in the possession of the bank, came into the hands of Adriaan van der Hoop . Henry settled on
805-602: The plantation was remitted to the lender, who would supervise its sale in order to secure repayment. In this way, the Hopes helped the plantation economy to become integrated into a global network of financiers and consumers. The Hope family were among the richest in Europe at the time. The family business focused on financing commercial transactions and especially on issuing money loans to monarchs and governments in Denmark, Sweden, Poland, Russia, Portugal, Spain, France and America. The bank
840-552: The profit sharing scheme, the member had to learn the special Hope & Co. bookkeeping method developed by Adrian Hope, who had assisted filing the Clifford bankruptcy. In March 1781 Adrian Hope died without offspring; the heirs paid a small amount on inheritance tax, which was regarded as fraud. Hope & Co. threatened to move the company to Ostend . The company lend an enormous amount of money to Charles III of Spain . For Spain Hope organised state loans for nine million guilders in
875-532: The sole executors of the French part of the operation after Baring withdrew in 1803. The Hope brothers sold the real estate at Keizers- and Prinsengracht to John Williams Hope. Also Henry sold Villa Welgelegen to his fiduciary , who continued to hold that office until the establishment of the monarchy under Louis Bonaparte in 1806. When Henry Hope died in 1811, the London offices of Hope & Co. merged with Baring Brothers & Co. Adriaan van der Hoop inherited
910-515: The stadtholder and in the Bank of Amsterdam . In the summer of 1789 when the French population suffered from famine Jacques Necker intervened personally and successfully at Hope & Co. to supply Louis XVI with grain. The 2.4 million in the royal treasury he used as a collateral. Between 1787 and 1794 the company lost million of guilders in a deliberate effort to manipulate the price of cochineal from Mexico. In January 1790 Thomas Hope (designer)
945-402: The start of their activities, the Hope brothers expanded their interests to longer-term investments in land and the arts. During the 18th century Hope & Co. set up a profit sharing agreement for the partners to reduce the risk of bankruptcy of the entire firm due to the indiscretions of one member, as happened in the case of rival banking house Clifford in 1772. In order to become partner in
980-614: The title Pels . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Pels&oldid=938037583 " Categories : Disambiguation pages Disambiguation pages with surname-holder lists Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Andries Pels The firm traded in sugar, tobacco, cocoa, rice, rye, salt and hemp, but also financed salvages of stranded ships. After
1015-456: The transport of migrants to Pennsylvania were 1738, 1744, 1753 and 1765. These transports were paid for by the city of Rotterdam and the local Mennonite church. In 1743 the brothers inherited a fortune from their father. For many years the brothers traded with Saint Petersburg, Bilbao , Cadix and Sint Eustatius which became a free port in 1756. The Hopes traded in sugar, cocoa beans , tobacco and timber , especially sailing masts from
1050-466: The treasure. In December he was invited to go ice sailing with "Mr Pels". This article about a person from the Netherlands is a stub . You can help Misplaced Pages by expanding it . Hope %26 Co. Hope & Co. was a Dutch bank that existed for two and a half centuries. The bank was located in Amsterdam until 1795; originally it concentrated on Great Britain. From 1750 it played
1085-578: The turnover of the firm at the Wisselbank was 21 million; 1725 26 million; 1736 20 million; in 1746 20 million; in 1755 20 million and in 1765 18 million. Pels was the banker of France in the era of John Law . After the death of Andries Pels in 1731, his two sons continued the firm; in 1739 with Willem Munter, their brother-in-law. In 1744, the bank lent 15 million to France. The bank was involved in France's payment of war reparations to prisoners of war after
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1120-464: Was admitted to the board of the Hope company; he owned almost a sixth of the shares, but preferred to travel to Italy, and Pierre César Labouchère became a partner. Labouchère played an important role in negotiations with France, handling most of the financing for Holland with that country. In 1792 Alexander Baring started to work at Hope & Co. In November 1792, French Minister of Finances Étienne Clavière harshly pointed out that Hope & Co.
1155-481: Was famous for having Catherine the Great as their client and Adrian supplied her several times with diamonds. Six of eight sons of the Scottish merchant Archibald Hope (1664–1743) – Archibald Jr. (1698–1734), Isaac, Zachary, Henry, Thomas (1704-1779), and Adrian (1709–1781) – were merchants of trade. They were active in shipping, storage, insurance, and credit in Amsterdam and Rotterdam . In 1720 they barely survived
1190-607: Was the leading member of a group of bankers engaged in speculation against the French credit and currency. Between 1788 and 1794 Hope & Co. issued loans totalling 53 million guilders on behalf of the Russian Empress. Early 1795 all the Hopes had fled to London to avoid the Batavian Revolution and the French occupation of the Netherlands and never came back. Their stock in warehouses was shipped to Hamburg? In 1796/97, after
1225-619: Was to Adolf Frederick of Sweden in 1768; in the next twenty years, Sweden was to borrow a total of 15 million guilders ( securitised foreign loans ); in 1770-1771 to the kings of Bavaria and Prussia. The Hope Company cooperated with Alexander Fordyce and Gurnell, Hoare, & Harman in 1770. In 1771 George Colebrooke and James Cockburn , directors of the EIC, recruited Paul Wentworth (spy) to borrow £66,000 from Hope & Co. In 1771 Adrian Hope bought together with Andries Pels negotiaties for 904,000 guilders. Hope & Co suffered from
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