Respondent Bank, on January 21, 1960, served upon petitioners a written demand for arbitration of the following dispute: "On or about January 9, 1960 I was wrongfully and without cause discharged from my employment. As a result of this illegal act on your part, I have suffered damages of $250,000 for which I hold you, and each of you, jointly and severally liable."
By this application...
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