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,
William Augustus Pitt William Augustus Pitt General Sir William Augustus Pitt KB, PC (c. 1728 – 29 December 1809) was a long-serving if undistinguished senior officer of the British Army whose sixty years of service covered several major wars and numerous postings as garrison or regiment commander. He served as MP between 1754 and 1761. He came from a notable political family: his father was also an MP and his elder brother became Baron Rivers. Pitt was born in approximately 1728, the sixth but second surviving son of George Pitt, MP for Wareham and his wife Mary Louisa. His date of birth has