William Pitt the Younger King refused to support him. Fox stated the bill was necessary to save the company from bankruptcy. Pitt responded that: "Necessity was the plea for every infringement of human freedom. It was the argument of tyrants; it was the creed of slaves." The King was opposed to the bill; when it passed in the House of Commons, he secured its defeat in the House of Lords by threatening to regard anyone who voted for it as his enemy. Following the bill's failure in the Upper House, George III dismissed the coalition government and finally entrusted the premiership to William Pitt,
Thomas Pitt, 1st Earl of Londonderry Thomas Pitt, 1st Earl of Londonderry Thomas Innes Pitt, 1st Earl of Londonderry (c. 1688 – 12 September 1729) was a British politician. He served as Governor of the Leeward Islands from 1728 to 1729. Pitt was the second son of Thomas Pitt, of Boconnoc, and his wife Jane Innes, daughter of James Innes. William Pitt the Elder was his nephew and William Pitt the Younger his great-nephew. Pitt sat as a Member of Parliament for Wilton from 1713 to 1727 and for Old Sarum from 1727 to 1728. The latter year he was appointed Governor of the Leeward Islands,