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,
Robert Pitt Robert Pitt Sir Robert Pitt (1680 – 21 May 1727) was a British politician who sat in the House of Commons from 1705 to 1727. He was the father and grandfather of two prime ministers, William Pitt the elder and William Pitt the younger. Pitt was the eldest son of Governor Thomas 'Diamond' Pitt, a businessman who had made a fortune while in India. Governor Pitt built the family's wealth on his acquisition of the Pitt Diamond which he then sold on for a large profit. The diamond was brought into Britain in the heel of Robert Pitt's boot. In