The _Minnesota_, _Roanoke_ and _St. Lawrence_, in trying to reach the scene of the battle, had all been grounded. The _Minnesota_ was still lying helpless in the mud as the sun set and the new monarch of the seas slowly withdrew to Sewell's Point to overhaul her machinery and prepare to finish her work next day. The _Merrimac_ had lost twenty-one killed and wounded--among the wounded was her gallant flag officer, Franklin Buchanan. The _Patrick Henry_ had lost fourteen, the _Beaufort_ eight, the _Raleigh_ seven, including two officers. The Federal squadron had lost two ships and four hundred men. But by far the greatest loss to the United States Navy was the supremacy of the seas. The power of her fleets had been smashed at a blow. The ugly, black, powder-stained, iron thing lying under the guns of Sewell's Point had won the crown of the world's naval supremacy. The fleets of the United States were practically out of commission while she was afloat. The panic at the North which followed the startling news from Hampton Roads was indescribable. Abraham Lincoln hastily called a Cabinet meeting to consider what action it was necessary to take to meet the now appalling situation. Never before had any man in authority at Washington realized how absolute was their dependence on the United States Navy--how impossible it would be to maintain the Government without its power. Edwin M. Stanton, the indefatigable Secretary of War, completely lost his nerve at this Cabinet meeting. He paced the floor with quick excited tread, glancing out of the window of the White House toward the waters of the Potomac with undisguised fear. "I am sure, gentlemen," he said to the Cabinet, "that monster is now on her way to Washington. In my opinion we will have a shell from one of her big guns in the White House before we leave this room!" Lincoln was profoundly depressed but refused to believe the cause of the Union could thus be completely lost at a single blow from a nondescript, iron raft. Yet it was only too easy to see that the moral effect of this victory would be crushing on public opinion. The wires to Washington were hot with frantic calls for help. New York was ready to surrender at the first demand. So utter was the demoralization at Fortress Monroe, the one absolutely impregnable fort on the Atlantic coast, that the commander had already determined to surrender in answer to the first shot the _Merrimac_ should fire. The preparations for moving McClellan's army to the Virginia Peninsula for the campaign to capture Richmond were suddenly halted. Two hundred thousand men must rest on their arms until this crisis should pass. All orders issued to the Army of the Potomac were now made contingent on the destruction of the iron monster lying in Hampton Roads. By one of the strangest coincidences in history the United States Navy had completed an experiment in floating iron at precisely the same moment.