TRADE: Second Generation Restaurant

As familiar to Chicagoans as Thompson's off-the-arm restaurants was a chain of 23 Raklios eating houses that dotted the Loop and nearby business districts in the early '30s. Almost as familiar was the legend of their bush-browed proprietor John Raklios. He had hit the Loop in 1901, fresh from Greece with $10 in his pocket, had parlayed a basket of fruit into a sidewalk fruit stand, then switched his bet to popular-priced restaurants. In 1928, his top year, his chain did a gross business of $3,600,000, and talkative John Raklios, with a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!