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,
Thomas Pitt married Charles Cholmondeley (b. 1684, d. 1759). Thomas Pitt also had a grandson, by his older son Robert, named Thomas Pitt but perhaps Thomas Pitt's most famous descendant was his great-grandson (through William Pitt, 1st Earl of Chatham) – William Pitt the Younger, who went on to himself become Prime Minister of the United Kingdom in the early 19th century. Pitt is best known for his purchase of a 410 carat (82 g) uncut diamond acquired from an Indian merchant named Jamchand in Madras in 1701. The merchant had purchased the diamond from an English sea captain, who had, in