Bisbee daily review., 1910-09-07

On the first day of September a new 20-horsepower gasoline hoist was placed in operation on the property of the Swasuka Mining company, in Yavapai county. The Swastika com pany owns the old Black Warrior and Silver Prince mines, which produced hundreds of thousands of dollars worth of silver in the early days of Arizona. The five members Of the company believe that they have one of the most valuable properties in Arizona. Already much valuable sil- yer ore is on the dump. There are indications that copper in paying quantities will be discovered lower down.
 The superintendent of the property and principal promoter of the Swas- tika company is F. w. Wood one if the best known mining men of north ern Arizona MT. Wood has been min ing in California, Arizona and Nevada number of years. Seven years ago he came to Yavapai county. and ever since has been prominently identified with the mineral development of the Bradshaw mountains. He is the man who took charge of the affairs of the Treadwell Mining company. and straimtened them out.
 After he had wound up the beusiness of the Treadwell concern, MT. Wood kaxx,x. .o .r~olx a~<,,pd for O ocs,d mine to develope. He inspected scores of prospects, but the Black Warrior and l Silver Prince looked better to him than anything he was able to find l Negotiations were opened with the I owners of the two old mines as well as with the people who owned the Haardscrabble and the Isis, two ad- | joining claims.
 Mir. Wood interested Frank Wright of Prescott in these claims. He a,so | induced three eastern friends to go | in with him on the deal. The five then formed the Swastika Mining company, a close corporation. They preferred to use their own money rather than sell stock. The Silver Prince, Black Warrior, Hardschabble and Isis were then purchased. | It was two years ago that Mir. Wood started to organize the company. The sum of s50,000 was raised for develop ment purposes and five months aga active work was begun.
 1 It had been Mir Woods experience that too many mining men were prone to spend the money of their stock holders without caring particularly how they spent it. He determined that his own money and that of his partners should be made to count for something. Economy and utility have ! been his aims in arranging the Swas | tika camp. The result is that he has the prettiest, cleanest little camp ir { the territory with but minimum ol expenditure. There are five or si, buildings. containing twenty rooms and ali they cost was $500. This i: really remarkable, when the remote ness of the camp from scources of sup plies is taken into consideration.
 The Swastika group is located abo- eight miles north of Crown King, les: | than half mic south of the famou. old Peck mine and less than a mil. west of the Peck siding. on the Brad i shaw Mountain railroad Mir Woo,
 has built fine road from the sidin,
 up to the mine. This road is the bes
 in that section, but cost comparativeI, little
 1 This district is probably richer il
 silver than any in this territory It i
 estimated that not less than s4,OO0, ,00
 worth of the white metal was takel
 out of the Peck away back in tn early sos. According to bank state | ments secured by MT. Wood, tn