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 British Admiral, Horatio Nelson, 1st Viscount Nelson, won a crushing victory in the Battle of Trafalgar, ensuring British naval supremacy for the remainder of the war. At the annual Lord Mayor's Banquet toasting him as "the Saviour of Europe", Pitt responded In a few words that became the most famous speech of his life: Nevertheless, the Coalition collapsed, having suffered significant defeats at the Battle of Ulm (October 1805) and the Battle of Austerlitz (December 1805). After hearing the news of Austerlitz Pitt referred to a map of Europe, "Roll up that map; it will not be wanted these ten