On this day: December 31

Published On: Dec 29 2012 04:25:41 AM CST   Updated On: Dec 31 2015 01:00:00 AM CST

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.

OTD December 31 - Tim Matheson
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Mark Davis/Getty Images for The Santa Barbara International Film Festival

1947: Actor Tim Matheson, best known for playing Eric "Otter" Stratton in 1978's "National Lampoon's Animal House" and Vice President John Hoynes in the TV series "The West Wing," is born in Glendale, California.

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