The Journal Times, Racine, Wisconsin, Wednesday, August 06, 1958
U.S. Chess Open Now in Progress
Nearly 160 entrants are playing the U.S. Chess Open at Rochester, Minnesota. The event, sponsored and hosted by IBM, will continue through August 16th. Each contestant will meet 12 opponents, in games played at the rate of one each day, except Sunday, August 10th.
Defending champion Bobby Fischer, 15 year old prodigy from Brooklyn, is in Europe preparing for the World's Candidates Tournament, so a new champion will be crowned at Rochester next week. A prize fund of $3200 guarantee the winner $1000 with lesser amounts and trophies to the lower positions.
The tournament is a 12-round Swiss system tournament, with winners meeting winners and losers playing losers. This system almost always produces climatic results as the strongest players meet each other in the final rounds.