In 1932, with the country deep in depression, the king made a speech in which he said: "I myself know nothing at all about finances, and all I can do is listen to the opinions of others and choose the best... If I have made a mistake, I really deserve to be excused by the people of Siam." This was not well received. Serious political disturbances were threatened in the capital, and in April the king agreed to introduce a constitution under which he would share power with a prime minister. This was not enough for the radical elements in the army, however. On June 24, 1932, while the king was holidaying at the seaside, the Bangkok garrison mutinued and seized power, led by a group of 49 officers known as "the Promoters." Thus ended 150 years of Siamese absolute monarchy.