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.
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, Calif.
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