Off the coast of the Florida Keys?
The CGS Canada, the armed vessel on which the nation's first naval recruits trained ahead of the official creation of Canada's navy in 1910, was later sold and renamed the Queen of Nassau before sinking off the Florida Keys in 1926.
Discovered by recreational divers in 2001, the ship has been probed extensively by U.S. Marine archeologists, who are now working toward designating the wreck a historic site because of its significance in the evolution of Canada's military.
"We're still in the process of writing the nomination," said Tane Casserley, national maritime heritage co-ordinator with NOAA, the U.S. National Oceanic and Atmospheric Administration.
In the end Laurier's "Tin Pot Navy" grew up.