The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1846-03-18

in money, property of any kind labor or service,
shall be valued at the full amount of the sum sol
payable; if for specific article, or for speci-
fed number, or quantity of any article or arti-
cles of property, or for certain amount of labor
or services of any kind, If shall be valued at the
current price Of such property, or of such labor
or services at the place where payable.
Annuites shall be valued at the price which
.he person listing the same, believes them TO be !
worth IN money.
All manufactured articles, remaining unsoldI
in the hands Of any mechanic by whom they
shall have been made, shall be valued at sol
much as the materials entering into their compo
stion shall have cost such mechanic; and sheep
shall bevalued without reference 10 the value uf
The unshQrn fleece.
But noperson shall be required to list great
er portion of any credit than he believes will be
received, or can be collected with or without
resort to legal process; nor any greater portion
of any obligation given TO secure the payment of
rent, than the amount Of rent that shall have ac-
crued on the lease, and shall remain unpaid at
the time Of such listing.
SEC. l3. No person shall be required to list
any part of any crop which may have been har-
vested on any farm Of which he is the owner, or
lessee, or occupant, within one year next prev-
Gus to the time of such listing, and which may
then remain on hand nor ofany wool sbom from
his own sheep within six months previous.
Sec. ID. Personal property of every descrip-
ton other than that of merchants and manntac-
urers, shall be listed as the property of the per-
son who shall be the owner thereof, ii a resident
of the county where the same shall be, and if not,
of Fthe peison having possession thereof at the
time when the same shall be listed, and the va
Iue to be attached thereto shall be the value
thereof at such time.
Of Deductions from Moneys and Credits
SEC. Is. In making up the amount Of moneys
f and credits which any person is required to lis
for himself, or any other person, company or cor
f poration, he shall be entitled TO deduct from the
gross amount of moneys and credits, the amoun
of all bona fide debts owing by such person, com
pany, or corporation, to any other person, compa
] ny, or corporation; but no acknowledgment o
Indebtedness, not founded on an actual conside
ration, believed, when received, TO have beer
adequate and no such acknowledgment made fo
f the purpose of being SO deducted, shall be con
h sidered debt within the meaning of this section
f and so much only of any liability, as surety fo
: others, shall be deducted, as the person maxim
e out the statement believes the surety is legal
: or equtably bound to pay, and so much only, a
d he believes such surety will be compelled to pay
r on account of the inability or insolvency Of th
n principal debtor; and if there are other surete
= who are able TO contribute, then only SO muc
: as the surety in whose behalf the statement
e made, will be bound to contribute.
e Sec. 1G No person, company, or corpor;
}; ton, shall be entitled to any deduction on az
It count Of any bond, note, or obligation of an
d kind, given TO any mutual insurance company
G nor on account of any unpaid subscription 10 an
h religious, literary scientific, or charitable inst
e tuition or society," nor on account of any subscri
ton TO, or instament payable on the capit
l. stock Of any company, whether Incorporated {
al pnncorporated
or Of listing and ra1uiag the property Of Ne
y chants and Manafactarers.
T. Sec IT, Every person that shall own, {
g have in his possession, or subject TO his contrc
II any personal property, within this State, with al
D. thority to sell the same (which shall have been pu
o. chased either in or out of the State, with a vi c
of of being sold at an advanced price or profit,
Or which shall have been consigned to him tro
ID any place oul of this State, for the purpose
a. being sold at any place within this State, sh;
" be held to be a merchant; and, at all times, wht
III he shall be by this act required to make out an
u deliver to the assessor statement of his othr
IS personal property, he shall state and attest, {
nj oath, the value OF such property appertanng
k his business as merchant; and, in estimntil
IT, The value thereof, he shall take, the crterio
ne the average value of all such articles of person
ny property which he shall have had from time
n. time in his possession, or under his control, d
so ring the next year previous to the time of ma
~ ing such statement, if so long he shall ha
been engaged in business, and if not, then d
or ring such time as he shall have been engage
"a and the average shall be made up by taking I
he amount in value ON hand, as nearly as may t
ut in each month of the next proceeding year
which the person making such statement sh
re have been engaged in business, adding togeth
no such amount to, and dividing the aggregate
IN mount thereof by the number of months tt
the person making the statement may have be
lct in business during the preceding year: provide
int that no consgnee shall be required TO list
Sc taxation the value of any property, the produt
i'm of the State, which shall have been consigned
him, for sale or otherwise, from any place witt
the State, nor The value of any property CO
er- signed 10 him from any other place, for the 81
* purpose Of being stored or forwarded: provide
,ul he SHALL in either case, have no interest in sn
ell property, or in any profit to be derived from
en- sale; and the word person, as used in this a
tho two succeeding sections, shall be held
ny meanand include firm company and 'corl
le- ration.'
in SEC. Is. Every person who shall purcha
1s, receive, or hold, personal property of any
Oh scription, for the purpose Of adding to the val
ed thereof by any process of manufacturing, re
he ming, rectifying, or by the combination Of diff
ent materials, with view of making gain
all profit by so doing, shall be held to be mar
lar acturer; aud he shall, at all times, when by t
ICE act he is required TO make and deliver to
no assessor, a statement Of the amount or value