The first name for the settlement was probably Pueblo Colorado when Don Lorenzo Hubbell (November 27, 1853 – November 12, 1930) moved into the area in AD 1876. Two years later, he purchased his world-famous homestead, trading post and out buildings from William Leonard, which were constructed in AD 1874. Legend says that in an effort not to confuse visitors in the area with Pueblo, Colorado, Hubbell changed the name of the settlement to Ganado in honor of Ganado Mucho, the twelfth signer of the Navajo peace treaty of 1868.