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 Latin and Greek. In 1773, aged fourteen, he attended Pembroke College, Cambridge, where he studied political philosophy, classics, mathematics, trigonometry, chemistry and history. At Cambridge, Pitt was tutored by George Pretyman, who became a close personal friend. Pitt later appointed Pretyman Bishop of Lincoln then Winchester and drew upon his advice throughout his political career. While at Cambridge, he befriended the young William Wilberforce, who became a lifelong friend and political ally in Parliament. Pitt tended to socialise only with fellow students and others already known to him, rarely venturing outside the university grounds. Yet he was described as charming