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 Pitt the Younger and friendly. According to Wilberforce, Pitt had an exceptional wit along with an endearingly gentle sense of humour: "no man ... ever indulged more freely or happily in that playful facetiousness which gratifies all without wounding any." In 1776, Pitt, plagued by poor health, took advantage of a little-used privilege available only to the sons of noblemen, and chose to graduate without having to pass examinations. Pitt's father, who had by then been raised to the peerage as Earl of Chatham, died in 1778. As a younger son, Pitt the Younger received a small inheritance. He received legal education at