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Updated: July 31, 2024
The fight had lasted all through that calm spring morning when the Monitor steamed off, across the shallows, still keeping carefully between the Merrimac and Minnesota. It was a drawn battle. But the effect was that of a Northern victory; for the Merrimac was balked of her easy prey, and the North gained time to outbuild the South completely.
Even if the United States threw all its resources into such a situation, seeking to double and even redouble the size of our Navy, the Axis powers, in control of the rest of the world, would have the manpower and the physical resources to outbuild us several times over.
Daniels have already said, 'Very well, we will outbuild you. Never again shall Great Britain stop our mail ships and search our private mails. Already has England declared an embargo against our exports in many essential lines and already are we expressing our dissatisfaction and taking means to retaliate."
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