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 this he is ranked highly amongst British Prime Ministers. William Pitt, second son of William Pitt, 1st Earl of Chatham, was born at Hayes Place in the village of Hayes, Kent. Pitt was from a political family on both sides. His mother, Hester Grenville, was sister to former prime minister George Grenville. According to biographer John Ehrman, Pitt inherited brilliance and dynamism from his father's line, and a determined, methodical nature from the Grenvilles. Suffering from occasional poor health as a boy, he was educated at home by the Reverend Edward Wilson. An intelligent child, Pitt quickly became proficient in