The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1845-04-11
oHIoa IA w s..
AN ACT
To provide more efectually for correct and equal
assessment Of money aud Of capital in trade. for
the purpose oftaxstion. II g.Gfs'

nj A,~mbty of Me Stdteof Ohio, That
itsi,al be the duiy of each Assessor in
this State. annunly.at the time of klking
the list oftaxtbl pro operty in his town
ship, town, city or ward, to require OF
each person, company or firm subject
to taxation therein. tomake out and
deliver 10 him statement, in writing.
OF the amount Of money which such
person, COMPANY or firm has atinterest;
md such Assessor shall, also. require Of
every person, company or firm, enga-
'ged in mercantile business or trade, to
make out and deliver to him 4 similar
statement OF the amount OF capital en-
ployed IN such trade; such requisiiion
NAV he made by the Assessor, either
verbally, or by written or printed NJ
,ice left at the dwelling house. office, or
usual place Of doing business.of the per-
sun, company or firm required to make
such stttement.
{. SEC. 2. Each person, who is sole
owner ot the money. credits or capital.
Of which statement is required by the
preceding section, and some mem 5er,or
the principal clerks of each company
or firm owning such money, credits or
capital, shall, within fifteen days, after
being so requireh by the Assessor, make
out and deliver to such Assessor the
statement or statements required by
the preceding sectirn in writing, and
shall make solemn oath or affirmation.
that the statement So made is fuIl and
true, according u the best of his knowl-
edge and belief. which oath or atiirma-
ton the Assessor is hereby authorized
to administer, and which shall he in
hersed on each st:,tement; provided.
that no person. company "r frm shall
he required to make out such slatinen,
"Impney at interest, or capital in trade,
il the amount in ei,he' case shall not
exceed one hundred dollars. .a.l
SEC. 8 That all moneys and cred
i,s, due and owing. whether on iuds-
mrnt, decree, bond, note, bill of ex-
change, draft. receipt. order. cuntracr
"r agreement. whether PAYABLE on de-
mand. ar. Mt any specified time, past,
prfsen! or future. rr whether no time
of payment be specified therein, wiie-
ther containing an agreement-to pay
interest or not, provided interest, pre-
lnithn. or anv consideration whatever
for the use thereof has been reserved.
trken. or contracted for. or agreed up
IN, Or is payable by the terms of the
note, contract or agreement, whether
written or verbal. and all debts or cred
its due, or owing upon notes OF hand,
bills ofexcliange,contracts.agre agreements,
r other written or printed evidence %
debt, acquired. bought "r purchased, at
any rate ofdlsc"uni, beture, at or after
whether the same shall, bv
the terms thereof hear interest or MT.
shall he considered and adjudged to be
The moneys at interest. and belonging
Ia the person. company or firm, own
INC or having the beneficial interest
therein. and shall be included as such.
n the Statement, of moneys at interest.
required by the first section of this ACT.
SEC. d. J. very individual. COMPANY
,r firm that shall be engaged in the hu-
,mess of purchasing and selling person
i .prnper,yof any kind or description.
'or the purpose Of making profit there,
oy, or that shall purchase personal pro-
perty of any description, other than
domestic animals. with the view to in.
:rease the value thereof. by any pro-
.ess Of manufacturing. refining or 9TH
'rwise immoying the value thereof, for
he purposr of selling the same at an in
:reased price, shall he considered and
ield to be engaged in mercantile busi-
ness or trade, within the meaning of
his act; provided, that horses, cattle, or
my other property. which, BY the ex-
sting laws of the State, are required To
,e listed fnr taxation. and which shall
AVE, been so listed. shall not be consid.
,red as forming any part of the. capital
n trade of the PERSIA in whose name il |
hall have been listed, or of any trader |
Who ma, have purchased such cattle.
lorses or other property. for the year
ar which the same shall have been so |
isted.a asJ ~ lesa,
ssSEo. S. Every individual. company |
,r firm, in mercantile business
" trade, in making out the statement
equired by the first section of this ACT.
f the am ,unt Of taiemployed.shnll
AXE, as the criterion Of such amount,
he medium sum il.etween the greatest
nd smahestumount of goods, OF other |
rticles Of personal property appertai-
ing TO such business. lin the possession
Il siIch person.coinpany firm, during
heIyear previous to the time Of ma,
inu such statements or. il such person.
oDpanyi or firm have been. engaged /
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