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 part due to the long campaigning Pitt had encouraged with his friend William Wilberforce. Hague goes on to note that the failure was likely due to Pitt being a "spent force" by the time favourable conditions had arisen. In Hague's opinion, Pitt's long premiership, "tested the natural limits of how long it is possible to be at the top. From 1783 to 1792, he faced each fresh challenge with brilliance; from 1793 he showed determination but sometimes faltered; and from 1804 he was worn down by ... the combination of a narrow majority and war". Historian Marie Peters has compared