The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-04-11


Z Is.
cnased receiveo' OF osnefwise ned for the purpose
OF AIDING TO tne vaiue 'nereof, Dy these and SIM
liar branches OF business or by any process OF re
ning, rectuying, or rmanuIactaring
Inc average vaue OF manuiacturers STOCK IS TO
De es'matea oy tne same criterion 'na. gwen ior
ssumasipg me average value OF mslonsn's s,ock'
But 10 determining the average value Oh manu-.
facurers stock, the value OF the articles purchased
OF ne,d ior tne purpose oi oe,ng nanu'aetulea VI
used IN tne process, 70 ee taken a. the criterion,
ana not the wnoie vaiue Of tne arucies wnen man
uiaC.ured.
yaue q ap engines aug Az .nasnnsiy, soo's
da. dnu ;nPienene, .sea 10 manuiac,u,nR' sler ue-
a,a.ssas ss one nuuareu auu h,ty aoiiAls iio,n hs
- os inciuoea 10 tne nan-
,,.rs AZ ths raa, cs.P sAseP' sucn hA'uresaS iorn
S.aaa. .a,,;,as n, 80 y.
sn;Dn,n .,'s ,ra,n;r. aennss, macninery !of
r. ss.s..,a. sas ..I I wooncn s sooos,
,'..L" =. ;ns,.ss, az ps,sos' p'ofsys suu
: M NJ ~ J.d,,..;a,' -, - s ~ as.Sa e.. .,
49,, 49, H. .lan.,' ~ g.. -. - H s.a. pop
~ acco,,ns of dsh,s d. h. ~ ,arss., ,,,s,;r ~
I,;s n,n s..,n -. ~
l.s..s.:. ~ ,ao - SaL,y, a.. ..1 S's1''' 'a'
11eAHo''''' s1' ~ -'"No y ' -s
MONEYS AND CREDITS
These terms are very comprehensive and include
all specie ana coin, panK notes, ana pis IN posses
sion OF the person or ms ageEt or any person mold
ing tne same Tor him; and every deposit or sum
winch can oe withdrawn IN money, on demand.
ana every claim or demand ior money. labor, or
any tning, receiyaoe, que, OF 70 De-
come que; and every annuity. and all money inves-
Tea 10 properly OF any KIND, secured Dy deed or
ntherwise' winch the person holding the same IS
pound 70 feconvey upon the paymento toi any sPeci-~
ned sum.
All debts and CLAIMS due or not que, bearing M
terest or not upon interest, are taxable and must
De iisted, whether the person by wnom they are
payable resides IN this state or out OF TINS
ne law taxes the person holding the credits, II
ne resdes III 'h o1ate, no matter "here tne oeptor
resides. -
Inc deductions which are to be made from the
gross amount OF money and CREDITS are particular
~ specifled In the 10Th section, ana IN the last
clause oil the 18th section; the DEBTS 10 be deduct
cd must ne bona noe deots, owing oy the person 10
whom the moneys and credits belong, and IN the
same right Inc indiVidual deot oil one partner :
cannot be deducted from the moneys and credits OF
the hrm or company The individual debts OF the
guardian parent trustee or person VINO ilsts me
properly oi ahotner, cannot Dc deuucted from tne +
moneys and credits which he lists as guardian,
trustee, sc. 1t is necessary to refer particularly
to the restrictlonspt the 10Th ana ibth sections as
to The cebts which-are to be deducted
RULES FOR vALUING PERSONAL PROPERTY,
MONEYS AND CREDITS
The twelfth section prescribes the rules for val
ung property. The following is a synopsis OF the
provisions ofthe law relative to the valuation Of
personal property, moneys, and credits:
Personal property of every description is to be
valued at the usurl selling price Of similar property
at the time of listing, and at the place where the
same may then be; and if no selling price IS known
to the person whose duty II is TO fix value there
on, then it shall be valued at the price which it is
believed can be'obtained for it in money
Money, whether III possession or on deposits
must he entered in the statement al the full amount
thereof Deprecated bank notes are to be enter
ed at their current value.
Every credit of a sum certain, payable either in
money, property, labor, or services, must be val
ued at the full amount Of the sum SO payable; If
for specified number or quantity of any article,
or for certain amount OF labor or services, it
must be valued at the current price of such prop
erty, labor, or moneys. at the place where paya-
BILE.
Anhuities are to be valued at the price which the
person listing the same believes them to be worth.
An annuity Of sixty dollars per annum forever,
would be worth one thousand dollars, estimating
the purchase money at the rate Of six per cent per
annum, or six hundred dollars if estimated at ten
per cent ai I'll
II the property enumerated in the eight FIRST
items of the statement, or any part thereof Is exhib-
tied to the assessor. to be valued by him, the value
OF the articles so exhibited must be omitted in the
statement; and nsuch case, the oath of the person
making the statement will be made only to the cor
rectness 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 person maxi
ing the statement is, in all casee, required to the
value of the items not enumerated, merchants and
manufacturers' stock, and moneys and credits, be-
ing the four last items of the statement.
The rules for valuing property, moneys and
Credits apply to in which the assessor is re-
qured to ascertain the value, as well as to the val
uation to be made by the individuals owning or hol-
ding the property. 4N
TOWNSHIP ASSESSORS.
The powers and duties of township assessors,
are particularly defined in the act from section 2S
to section 81, inclusive. Much will depend upon
the fidelity with which the assessment is made. A
large amour. OF property, moneys and credits,
which has not heretofore been taxed. viii be
brought upon the grand list by proper vigilance on