One of the most spectacular pool operators of Wall Street's New Era was tense, redheaded Michael J. ("Mike") Meehan, onetime theatre ticket agent. Same week in 1935 that SEC started to drive him off the Exchange on charges of rigging Bellanca Aircraft stock, Broker Meehan bought a $130,000 seat for his son William as a 21st birthday present. Last week the Exchange announced that a seat had been sold for $60,000 to Mike Meehan's youngest son, Joseph, 21, a senior at Fordham University. If the sale is approved, Joseph Meehan will become the Exchange's...
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