The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-03-14

county where the same shall be- and II not, oil the
person having possession or charge thereof at the
time when the same shall be listed, and the value
to be attached thereto shall be the value thereof at
such time. go WI.
OF DEDUCTIONS FROM MONEYS AND CREDITS, ]
SEC. Is. In making up the amount of moneys
and credits which any person is required to list for
himself, or any other person, company or corpo-
ration, he shall be entitled to deduct from the gross
amount of moneys and credits the amount of all
bona fide debts owing by such person, company
or corporation, to any other person, company or
corporation; but no acknowledgements of indebt-
edness, not founded on an actual consideration,
believed, when received, to have been adequate,
and no such acknowledgment made for the purpose
of being so deducted, shall be considered debt
within the meaning of this section; and so much
only OF any liability, surely for others, shall be
deducted, as the person making out the statement
believes the suretyi is legally or equtably bound to
pay, and so much only, as he believes such surety
will be compelled to pay, on account ofhe inabil-
ity or insolvency OF the principal. debtor; and ii
there other sureties who are able to contribute,
then only SO much as the surety in whose behalf
the Statement is made, will be bound to contribute.
SEC. l6 No person, company or corporation
shall be entitled to any deduction ON account of
any bond, note or obligation of any kind given 10
any mutual insurance company; nor on account OF
any unpaid subscription to any religious, literary,
scientific or charitable institution or society; nor
on account of any subscription to, or installment
payable on the capital stock OF any company, Wheth
er incorporated or unincorporated.s
OF LISTING AND vALutNG THE PROPERTY OF
~ MERCHANTS AND MANUFAcTURERs.
SIC. H. Every person that shall own, or have
in his possession, or subject to hiscontrol any per-
sonal property, within this State with authority to
sell the same, which shall have. been purchased
either in or out Of this State, with view of being
sold at an advanced price or profit, or which shall
have beenieonsigued to hin from any place out of
this State for the purposeaof being sold at any
place within this State, shall be'held to be a mer-
chant; and, at all times, when he shall he by this
act required to make out and deliver to the
sor statementof his other personal property, he
shall state and attest,. on oath, the value of such
property apper tanning to his business as merch-
ant; and, in estimating the value thereof, he shall
take as the criterion the average value of all such
articles Of personal property which he shall have
had from time to time in his possessions, or under
his control, during the year next previous to the
time of making such statement,if il so long he shall
have been engaged-in business and if not, then
during such time asbe shall have beenso engaged,
and the average shall be made up by taking the
amount i'll value on hand. as nearly as may be, in
each month of the next preceding year in which
the person making such statement shall have been
engaged in business, adding together such amount
to, and dividing the aggregate amount thereof, by
the number ci, months that The person making the
statement may have been in business during the
preceding year: provided, that'no consignee shall
be required to list for taxation the value of any
property, the product of this State, which shall
have been consigned to him, for sale or otherwise,
from any place within the State, nor the value of
any property consigned to him from any otherplace
for the sole purpose of being stored or forwarded:
provided he shall, in either case, have no interest
in such property, or in any profit to be derived
from its sale; and the word person, used in this,
and the two succeeding sections, shall be held to
mean and include " firm, ~" company" and cor
poraton."
SEC. l8. Every person who shall purchase, re-
ceiye, hold personal property of any description,
for the purpose OF adding TO the value thereof by
any process Of manufacturing, refining rectifying,
or by the combination of different materials, with
a view of making gain or profit by SO doing, shall
be held to be manufacturer; and he SHALL at all
times, when by this act he is required to make and
deliver to the assessor a statement of the amount
or value OF his other. personal property subject
to taxation, also state the average value estimated,
provided in the preceding section of all articles
purchased, received, or otherwise held, for the
purpose of being used in whole, or in part in any
process or operation of manufacturing, combining,
rectifying, or refining, which, from time to time,
he shall have had on hand during the year next
previous to the time of making such statement, if
so long he shall have been engaged in such manu-
featuring business, and if not, then during the time
he shall have been so engaged, which statement
he shall attest on oath But in deermnngthe val.
ue of all articles manufactured by him, and which
shall remain on hand unsold the cost of the mate
rials entering into their combination or of which
they were made, with the cost of the materials
used or consumed in the process OF manufacturing,
combining, rectiiying, or refining. shall be taken
as the criterion of their value, for the purpose OF
taxation.
e SEC. 10. Every person owning manufactur-
ing establishment of any kind. and every manufac-
turer, shall list, as part of his personal property,
the value one hundred and fifty dollars of all
engines and machinery, ofevery description, used,
or designed to be used, in any process of refining
or manufacturing, Except such fixtures as shall
have been considered as part of any parcel or par
GELS of real property,) including all tools and i'm
plements of every kind, used, or designed to be
used, for the aforesaid purposes.
DISTRICT AssEssoRs-IIow ANDewHEN AP.
POINTED.
stSEc. 20. The county commissioners, of each
county in This State, shall meet at the office Of the
county auditor (eScept the counties of Ashland
and Mahoning, the associate Judges of which shall
meetin the former at Jeromesville, and in the lat
ter in Canfield) on the third Monday in March,
one thousand eight hundred and forty-six, and
when they, or any two of them, shall be so conve-
ned, they shall proceed to divide their county into
at least two, and not more than four Districts ex-
cept the county of Hamilton, which may be divi-
ded into any number of districts not less than six,
nor more than twelve; and to appoint some well
qualified citizen ofsuch county as assessor for each
district therein. y Nv
Crr toI A.