On this day: September 18

Published: Sep 17 2012 07:16:13 PM EDT   Updated On: Sep 18 2013 02:00:00 AM EDT

America takes out its first loan, The New York Times and the United States Air Force are born, guitar legend Jimi Hendrix dies, and "The Guiding Light" ends after 72 years, all on this day.

OTD September 18 - Alexander Hamilton
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Public domain

1789: Treasury Secretary Alexander Hamilton negotiates and secures the first loan for the United States. The Temporary Loan of 1789, which was used to pay the salaries of the president, senators, representatives and officers of the first Congress, would be repaid on June 8, 1790, at the sum of $191,608.81.

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