Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1846-04-17


rers' stock, exeep, suck fixtures as form a
part Of the real property.
Steam engines, cading machines, ma.
chinery for spinning and weaving cotton
and woollen goods, or other articles, Sr..
are personal proper'y, and must Re incla-
Ged in the st5temenL
No deduction can be made from por-on.
al property being the eleven Glst items in
the statement, on account Of dcbts due by
lheperson making the ststpmenL Itison-
ly from nourys and credits that a deduc.
tion can be made Of debts due.
MONEYS AND CREDITS.
These terms are very comprehensive
and include ell specie and coin, bank notes,
aud bills in possession of the person OF
his agent, or any person holding the same
for him; and every deposit or sum which
can be withdrawn ia money, on demand,
and every claim or demand for money. Ia.
Dor, Or any other valuable thing, rcceiva.
ble, due, or TO become due and every an.
nuiIy, and all money invested in property
Of any kind, secured by deed or otherwise,
which the person holding the same is bound
to reconvey upon the payment of any spe-
cited sum
All debts or ciain,s due Or not due, bear
ing interest, or not upon interest, are taN-
able and r-Us; tn listed, whether the per-
son by whom they are payaglc resides in
this State or out of this STATE. The law
taxes the person holding the credits, if be
resides in this State, no matter where the
debtor resides.
The deductions which are to he made
from the gross amount of moneys and
credits, are particularly specified in the
18th section, and in the last clause Of the
l2th section; the debts to be deducted
must be bona fde debts, owing by the per.
son to whom the moneys and credits be-
long, and in the same right. The indi-
vidua Fiett Of one partner cannot he de-
Quoted from the moneys or credits OF The
firm or company. The individual dcbls
Of the guardian, parent, trustee, or per-
son who lists the property Of another. can
not be Deducted I.Um tht moneys and cred.
its which he lists as guardian, trustee, &c
1t is not necessary TO refer particularly tt
the restrictions OF the 18th aud 10th sec.
tons as to the debts which are to be dea
Quoted.
RULES FOR VALUING PERSONAL
PROPERTY, MONEYS & CREDITS,
The twelfth section proscrbes the rules
for valuing property The following Is a
synopsis Of thn provisions Of the law rela-
tive to the valuation Of personal properly,
moneys and credls'
Personal property Of every description
Is TO be valued at the uTual selling price
of similar properly at the time OF listing,
and at the place where the same may then
be; and II 70 selling price is known to the
person whose duty it is 10 FIX a value there
on, then it shall be valued at the price
which ii is believed can be obtained for ii
in money,
Money, whether in possession or on de.
posit must be entered in the statement at
the full amount thereof. Deprpciated bank
otps are to be entered at their current
value.
Every credit Of sum certain, payable
either in money, property, labor, or serVI-
ces, must be valued at the full amount Of
the sum so payableI if for a specified num-
Der or quantity Of any article, or for cera
tain amount Of labor or services, it must
be valued at the current price OF such prop.
erty, Ialor or moneys, at the place where
payable.
Annuities are to be valued at the price
which the person listing the same believes
them 10 be worth. An annuity OF sixty
dollars per annum forever, would be worth
one thousand dollars, estimating the pur-
chase money at six per cent per ans
mum, or six hundred dollars estimated at
ten percent.
II the property enumerated in the eight
first items OF the statement, or any part
thereof is exhibited to the assessor, to he
valued by him, the value Of the articles 50
exhibited must be omitted in the state
ment; and in such case, the oath Of the
person making the statement will be made
only to the correctness of the number Of
the enumerated articles, and to the value
of the articles not exhibited and the value
Of the residue of his personal property,
moneys and credits. The oath Of the per-
son making the statement Is, in all cases,
required to the value Of the items not enus
merated, merchants and manufacturers
stock, moneys and credits, being the four
last items of the statement.
The rules for vaulng property, moneys
and credits. apply to cases in which the as
sessor is required to ascertain the value,
as we'll as to the valuation to he made by
the individuals owning or holding the pro-
perty.
TOWNSHIP ASSESSORS.
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