Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1846-03-25

and shall remain unpaid at the time OF such
listing.
SEC. IS. No person shall be required to
list any part of any crop which may have
been harvested on any farm Of which he is
the owner, or lessee, or occupant. within one
YEAR next previous to the time Of such listing,
and which may then remain on hand; nor
anv wool shorn from his own sheep within
six months previous.
SEC, IA. Personal property, Of every de-
scription other than that of merchants and
manufactures, shall be listed as the property
ofthe person who shall be the owner thereof
if resident of the county where the same
shall be. and if not, Eof 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.
OF DEDUCTIONS FROM MONEYS AND CREDITS.
SEC. IS. In making up the amount OF
moneys and credits which any person Is re-
quired to list for himself, or any other person,
company or corporation, 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 corpo
ration; but no acknowledged of incebt-
edness, not founded on an &C ,ual considera-
ton. believed, when received, to have been
adeouate. and no such acknowledgement
made for the purpose Of being so deducted,
shall be considered debt within u q ~
! ing Of this section; and SO much only OF any
liability, as surety for others. shall be- deduct
ed. as the person making out the statement
believes the surety is legally or eauitably
bourd 10 pay, and 80 much only, as he be-
,,.1l ho nnn1noIlad tn nsy
on account of the inability or insolvency of
the principal debtor; and if there are other
sureties who are able to contribute, then only
so much as the surety in whose behalf the
statement is made, WILDE bound to contrib
ute.
SEC. i6. No person, company or cerpo-
ration shall be entitled to any deduction on
account of any bond, note or obligation Of
any kind given to any mutual insurance COM
pany; nor on account of any unpaid subscrip-
ton to any religious, literary, scientific OF
charitable institution or society; nor on ac-
count of any subscription to, or iDstallment
payable on the capital stock Of any company,
whether incorporated or unincorporated.
OF LISTING AND yALUING THE PROPERTY OF
MERCHANTS AND MANUFACTURES.
SEC. II. Every person that shall own, or
have in his possession, or subject TO his con-
troll, any personal property, within this State,
with authority to sell the same, which shall
have been purchased either ln or out of this
State, with view of being sold at an ad>
vanced price or profit, or which shall have
been consigned to him from any place out of
this State, for the purpose of being sold
at any place within this State, shall be
held to be q merchant; and, at all times,
when he shall be by this act required to make
out and deliver to the assessor statement
Of his other personal property, he shall state
md attest, on oath, the value Of such prop
erty appertainng to his business as mer-
chant; and IN estimating the value thereof,
he shall take as the criterion the average val
ne of all such articles of personal property
which he shall have had from time to time in
his possession, or under his control, during
the year next previous to the time of making
such statement if So long he shall have been
engaged in business, and if not then during
such time as he shall have been SO engaged,
and the average shall be made up by taking
the amount in value on hand, as nearly as
NAV be in each month ofthe next preceding
wear in which the person making such state~
ment shall have been engaged in business,
adding together such amount to, and dividing
the aggregate amount thereof, by the number
Of months that the person making the states
nent 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 10 him, for
sal or otherwise, from any place within the
State, nor the value of any property consign
I'd to him from any other place. for the sole
purpose of being stored or forwarded, provi.
led, he shall, in either case have no interest in
such property, or in any profit to be derived
rom its sale, and the word person, as used in
his and the two succeeding sections, shall
,e held to mean and include 'frm,' Company
md corporation
Sec. 10. Every person who shall pur-
.hase, receive, or hold personal property
If any description, for the purpose of adding
o the value thereof, by any process of man>
featuring, refining, rectifyng, or by the CON-
,ination of different mat terials, with view of
making gain or profit by so doing, shall be
held to be manufacturer: and he shall, at oil
lines, when by this act he is required to
make and deliver to the assessor statement
Of the smount or value Of his other personal
property subject to taxation, also state the
average value estimated, as provided in the
section, of all articles purchased,
received, or otherwise held, for The purpose
of being used in whole, or in part, in any
or operation Of manufacturing, com.
bining, or rectifylng, or refining, which, from
time 70 time, be shall have had on hand dss-,I
ing the rear next previous tes The time ofl
making such statement, II so long Iii sshzIll
have been engaged in such manufacturing bu- |
siness, and ifnot, then during the time be |
shall have been SO engaged. which statement
he shall attest on oath; but in determining the
value Of all articles manufactured by him,
and which shall remain on hand unsold, the
cost of the materials entering into their COM
bination or of which they were made, with
the cost of the materials used or consumed
in the process Of manufacturing, combining,
rectifying, or refining, shall be taken as the
criterion oftneir value, for the purposes of
taxation.
SEC. 10. Every person owning a manu>
featuring establishment of any kind, and eve.
ry manufacturer, shal! list, as part of his per-
fbo les