Vintage Letterheads- Elaine Says These Greek Guys Are Sponge-Worthy in Chicago, Illinois For Sale

Two authentic letterheads with a Greek-American theme as follow:
xxxx Greek-American Sponge Co., 158-160 N. Franklin St. $8
xxxx John Raklios & Co. Restaurants, multi central business district locations, $8
Buy both for $15. Will pay postage and ship in a bubble mailer for $2 more.
When John Raklios started a restaurant business in downtown Chicago, his cafeteria concept was such a huge success that he opened at least 21 more restaurants in Chicago, most located in the central business district south of the Chicago River. According the the xxxx City of Chicago Directory, John Raklios was president /treasurer of John Raklios and Co. and William Coteones was vice president. People said that Coteones was the nasty one of the two partners. Coteones remained very wealthy throughout his life and was a huge contributor to St. Andrews Church located at the north end of Lake Shore Drive.
In a book called 'Revolution at the Table: The Transformation of The American Diet' author Harvey Levenstein wrote in xxxx about John Raklios "After two failures with full service restaurants, the Greek immigrant Raklios realized that what Americans now wanted was cleanliness and the appearance of quality and built a chain of nineteen "luncheonettes" in Chicago on these principles. He advertised that he dealt only with major meat packers and displayed only Heinz and other high quality condiments."
After Raklios was fully and successfully entrenched in his business model, the City of Chicago passed a law prohibiting restaurants from serving serving food that was not cooked on the premises, which severely harmed Raklios because he only used a few central kitchen commissaries where workers prepared food to transport to his nearby, centrally located cafeterias. The Great Depression hit at the same time, creating a double-whammy. Soon Raklios filed for bankruptcy and received a prison sentence for not being able to pay off his excessive debts.
In xxxx Raklios lost his restaurants and (unlike Bill Cotseones) he lost his wealth. An attorney named John H. Lyle helped Raklios without getting compensated and won his release from jail by filing a writ on habeas corpus. A federal bankruptcy judge, Archie Cohen, auctioned off the last thirteen Raklios restaurants to an attorney named B.H. Matthews on August 9, xxxx for $86,500. Mr Matthews then sold the restaurants to Raklios' main competitor, James R. Thompson.
After John Raklios lost everything, he was scheduled to appear on the television show "This Is Your Life". His wife Mary was already at the TV studio, but John never arrived. Apparently he got lost. Mary was on the show without John who was supposed to be the central star of the show. The Great Depression and losing his once-fledgling business took its toll on John so much that he lost his mind.
Each document is in Good condition and contains original pencil notations from decades ago. Each measures roughly 8 1/2 X 11 inches. If you are interested, I also have a beautiful letterhead selling for $12 for Thompson Restaurants, which bought Raklios restaurants on the cheap after the Raklios bankruptcy.