Arizona republican., 1903-06-02
l. ". BENHAh'S NEW PLACE
In Charge of the Affairs of the Hyde
 Exploration Co.

Mention has been made of the change of management of the Hyde Explora- ton company of New York and New Mexico, by which J. w. Benham has secured control. MT. Benham has been connected with the company about two years. At the time of the late visit to Phoenix of Mir. George w. Hoadley the deal was pending and he said that if 1t should be consummated MT. Benham would shortly be eligible to member ship in the Milllonaire's club. An east ern exchange. speaking of the change of management saysi
 "A deal has just been consummate whereby the stores of the Hyde Ex- ploring expedition of Albuquerque and
 in New York city have been sold to a syndicate of which J. w Benham Of New York is the head.
 For some time the Hydes have been desrous of being relieved of the care and responsibility of their mercantile interests. This is given as the reason for this last deal, and likewise for the recent sale of the big Pennington store to a corporation known as the San Juan Store Co.,, of which J. B. Bouck, former Hyde manager at Farmington, is the head.
 This last deal closes out all the in- terests of the Hyde people in New Mex ico. as well as in the mammoth Indian store on Twenty-third street in New York city, which continues under the efficient management of Mir. Benham, head of the new company.
 MT. A. B. McGaffey, who is heavily interested in the new concern, will con- tinue to manage the local store as here tofore. Mir. McGaffey will leave in a few days for New York to confer with MT. Benham concerning minor matters connected with the transfer of the prop critics. The transaction was practically concluded last Wednesday.
 This action on the part of the Hyde Exploring expedition. of which Mir. B. T. B. Hyde of New York is the head. does not mean that the famous expedi- ! ton will no longer be identified with the territory of New Mexico. The Hydes will in the future devote an in- creased amount of money and more time to archaeological and ethnological research in the southwest, unhampered by the necessity of attending to large mercantile trade. Scientific work is hereafter to be the object of the expe- dition, which will at all times have the interests of New Mexico at heart.
 U. ". Benham. the head of the new concern, is we'll known in New Mexico. From 1885 to- 1905 he was in the cattle business extensively out at Holbrook AriZ., together with Mir. W. c. Barnes. Later he went down to Phoenix with [ the same gentleman and founded a large Indian store in that city known as The Curio
 After conducting a most successful Indian exhibit at the American ex- position. his ability was promptly re- cognized by the Hydes. Soon after he was induced to accept the management of the New York store. This is the largest establishment of its kind in the world and MT. Benham has made great success as manager of it.
 The Albuquerque store is under con- tract to take all the blankets regularly from the San Juan Stores company at Pennington. and will also receive large numbers of blankets from the trading post out al Thoreau. formerly owned by the Hydes and now operated by the enterprising new firm of Horabin & Me Gaffey. Under the new management the store in this city will continue to be the biggest thing of the kind in New Mexico and is going to experience some enlargements and Improvements that will surprise the natives, within the next few months
 Ut falls into the hands of two ener- getic and pushing young men who Ina ve , received ---,ir business training in the west and ore neculiarly fitted to take charge of the big and growing Indian , business in this city"