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This Day in History for February 25

1791 – 1st U.S. bank chartered.

1836 – Samuel Colt patents first multi-shot revolving-cylinder revolver, enabling the firearm to be fired multiple times without reloading.

1852 – First Legal Tender Act 1862 is passed by the US Congress, authorizing the United States Note (greenback) into circulation, the first flat paper money that was legal tender in America.

1901 – US Steel Corporation organized under J.P. Morgan, Sr.

1913 – The 16th Amendment to the US Constitution becomes law, providing the legal basis for the institution of a graduated income tax.

1933 – 1st genuine US aircraft carrier named, USS Ranger.

1944 – US 1st Army completes invasion plan.

1957 – Buddy Holly & Crickets record “That’ll Be the Day”

1957 – US Supreme Court decides 6-3, baseball is only antitrust exempt pro sport.

1962 – Wilt Chamberlain of NBA Philadelphia Warriors scores 67 points vs NY Knicks for the second year in a row.

1964 – Muhammad Ali (Cassius Clay) TKOs Sonny Liston in 7 for his first world heavyweight championship title.

1969 – Pension plan for baseball is agreed to.

1971 – “Oh! Calcutta!” moves to Belasco Theater in NYC for 1,316 performances.

1977 – New Orleans’ Pete Maravich sets NBA record for a guard with 68 points.

1981 – Rita Jenrette (wife of Abscam congressman) appears on Donahue.

1982 – Final episode of “The Lawrence Welk Show” airs.

1987 – Bruce Springsteen’s “Tunnel of Love” Tour begins in Worchester, Massachusetts.

1994 – Phil Rizzuto elected to Baseball Hall of Fame.

2013 – Cuban President Raul Castro announces he will not seek another term in 2018.

2019 – James Harden’s scoring streak of games with at least 30 points ends at 22 as he scores 28 in the Rockies’ 119-111 win over Atlanta in Houston; 2nd longest mark in NBA history.

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