Federation Holds Annual Session

of the Federation to handle “the even greater task of rewriting the charter of New York City,” as Mayor LaGuardia expressed it.

Although Judge Proskauer’s term of office, which has continued since 1930, concluded yesterday, he will continue in his presidential capacity until next month, when the nominating committee will select new candidates for leadership of the Federation.

In presenting his fourth and last report as president of the philanthropic organization yesterday, Judge Proskauer reviewed its financial history since 1930, which he described as the high point, when the budget totalled over $5,000,000. Even that was not enough, however, he said, since many of the affiliated units of the Federation ended the year with deficits.

1933 A ‘BLACK YEAR’

In 1933, which he termed “the black year of the history of the Federation,” he said “the call was never greater and the resources never less.”

He reviewed the year 1934, when the budget was $3,600,000 and when a $2,000,000 deficit, wiped out in the drive just ended, was incurred.

Judge Proskauer paid the following tribute to Dr. Solomon Lowenstein, executive director of the Federation:

“No man could carry the burden of the Federation presidency if it were not for Dr. Lowenstein. He is a real directing head and the real inspiration of this organization.”