The Old Dominion Mining Company was incorporated in 1880, and ran "on a financial roller-coaster" for the next twenty years. In 1894, the mine was sold to the Lewisohn Brothers of New York. The arrival of the railroad in 1898 dramatically lowered shipping costs. In 1904, the mine was acquired by Phelps-Dodge, who appointed Louis D. Ricketts as general manager. From 1904 to 1908, Phelps-Dodge spent $2.5 million on expanding and modernizing the mine and plant. As the mine grew, so did Globe. World War 1 brought increased copper demand; the mine and town both prospered. 1917 was a year of labor unrest in the copper mines nationwide. A strike on the Globe mines was called on July 1, 1917. Federal troops were called in to restore order, miners began returning to work, and the mine was back to normal production by October.