08/28/1935
https://www.presidency.ucsb.edu...
"The estimated net deficit (excluding debt retirement) for the fiscal year 1938 will be $695,245,000."
"The situation with respect to the impending surplus cotton crop, which will make it necessary for the Commodity Credit Corporation to make cotton loans, $130,000,000."
"The total public debt will be increased in the current fiscal year by $695,245,000 provided that the balance in the general fund on June 30, 1938, is the same as it was on June 30, 1937."
"I do hereby exempt Marvin M. McLean from the provisions thereof and continue him in the service until December 1, 1938."