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 his one-time business associate. He had at least four sons and two daughters. His eldest son, Robert, was father of William Pitt, 1st Earl of Chatham, often called "Pitt the Elder", who was twice Prime Minister. His second sons were twins, based on an entry to the baptismal records of St. Lawrence, Stratford sub Castle, Wiltshire: Thomas, later 1st Earl of Londonderry, and William. No other record of William can be found so he probably died in infancy. His third son John was a distinguished soldier. His second daughter, Lucy, married James Stanhope, 1st Earl Stanhope. His daughter, Essex Pitt,