On this day: September 18

Published On: 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 - Tiffany and Company
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Courtesy of Rolex

1837: Tiffany and Co. is founded by Charles Lewis Tiffany and Teddy Young in New York City as Tiffany, Young and Ellis. The store is called a "stationery and fancy goods emporium." The name would be shortened to Tiffany & Co. in 1853 when Charles Tiffany took control, and the firm's emphasis on jewelry was established.

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