  We examine the properties of the X-ray gas in the central regions of the
distant (z=0.46), X-ray luminous cluster of galaxies surrounding the powerful
radio source 3C 295, using observations made with the Chandra Observatory.
Between radii of 50-500 kpc, the cluster gas is approximately isothermal with
an emission-weighted temperature, kT ~5 keV. Within the central 50 kpc radius
this value drops to kT ~3.7 keV. The spectral and imaging Chandra data indicate
the presence of a cooling flow within the central 50 kpc radius of the cluster,
with a mass deposition rate of approximately 280 solar masses per year. We
estimate an age for the cooling flow of 1-2 Gyr, which is approximately one
thousand times older than the central radio source. We find no evidence in the
X-ray spectra or images for significant heating of the X-ray gas by the radio
source. We report the detection of an edge-like absorption feature in the
spectrum for the central 50 kpc region, which may be due to oxygen-enriched
dust grains. The implied mass in metals seen in absorption could have been
accumulated by the cooling flow over its lifetime. Combining the results on the
X-ray gas density profile with radio measurements of the Faraday rotation
measure in 3C295, we estimate the magnetic field strength in the region of the
cluster core to be B ~12 \muG.
