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 Byrne William Pitt Byrne William Pitt Byrne (c. 1806 – 6 or 8 April 1861) was a British newspaper editor and proprietor of "The Morning Post". He graduated from Trinity College, Cambridge with a BA and M.A.. He was admitted to the Inner Temple in 1835 and called to the bar in 1839 but never practised law. His father Nicholas Byrne was his predecessor as editor and proprietor of the "Morning Post", about whom there is little biographical information in the historical record. Nicholas Byrne took a strongly pro-Conservative editorial stance, and his son was named after William Pitt the Younger.