Paul Busti was born in Milan, Italy, on the 17th day of October,
1749, and after receiving his education in his native country
entered the counting house of his uncle in Amsterdam, Holland,
where afterward established himself in business, married Elizabeth
May, daughter of an English captain, and acquired a high reputation
for business talent, industry and integrity. He was induced
to accept the general agency at Philadelphia, and most faithfully
and satisfactorily did he perform his duties for a period
of twenty-four years, up to the date of his death, July 23,
1824. The Bustis came to Philadelphia, which was then the
capital of the United States, toward the end of the eighteenth
century. Mrs. Busti died in 1822, two years previous to the
death of her husband, leaving no children.
Paul Busti, as stated, was general agent and sole director
from 1799 to 1824 of all the operations of the Holland Land
Co., which possessed over three million acres of land in New
York State and one and one-half million acres in Pennsylvania.
This company was composed of Hollanders who, when the struggle
for liberty and American Independence was yet doubtful, loaned
several millions of dollars to this country and after the
establishment of the government purchased a wilderness to
restore it to civilization. Paul Busti died in July, 1824
in Philadelphia, Pennsylvania.