According to THE REALITY OF RANGELY, the history masterwork by local author Robert Haag, It had been a garage repair business that in 1947 was sold by an Oliver Donecker to Henry Carnes, the "B & M" stood for "Bessie and Me". (Bessie was Carnes' daughter.)
(There are other theories as to what the two initials stood for...)
Do you have any theories?
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