High Quality Content by WIKIPEDIA articles! The Holland Land Company was a purchaser of the western two-thirds of the western New York land tract known as the Phelps and Gorham Purchase. This tract was known thereafter as The Holland Purchase. The Holland Land Company was an unincorporated syndicate of thirteen Dutch investors in Amsterdam, who placed funds in the hands of certain trustees in America for the purpose of investing in land in central and western New York State and western Pennsylvania. Trustees were needed because aliens were not then permitted to own land. The syndicate hoped to sell the land rapidly at a great profit. Instead, for many years they were forced to make further investments in their purchase; surveying it, building roads, digging canals, to make it more attractive to settlers.