Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1851-04-26

/ terms of sale above specified. Personal pro-
perty of ever description shall be valued at
the usual, selling price Of similar property al
/ the time of listing, and at the place where the
: same may then be; and if there be no usual
selling price known 10 the person, whose duty
it shall be 10 fix a value thereon, then at such
/ price as it is believed could be obtained there
for, in money, at such time and place. Mo-
nev. whether in possession or on deposit, shall
] be entered in the the statement at the full
amount thereof; Provided. that deprecated
/ bank note shall be entered at their current
4 value. Every credit for a sum certain, pay
liable either in money, property OF any kind, la
Dor or services. shall be assessed at the full
value Of the sum SO payable; ii for specific
article, or for specified number, or quantity
of any article or articles Of property, or for a
certain amount of labor or services, of any
kind, j, shall be valued at the current price
lof such property. or of such labor or services,
lat the place where payable. Annuites, and
moneys receivable Al stated periods, shall be
valued at the price which the person listing
The same, believes them to be worth in money.
Allmanufactured articles, remaining unsold
in the hands Of any mechanic by whom they
ishaI have been made, shall be valued at so
much as the materials entering into their
composition shall have eostsuch mechanic.
Sec. IL. Personal property of every des-
! criptiun other than that of merchants and ma
nufacturers, shall be listed as the property of
the person who shall be the owner thereof. if
a resident Of the county whore the same shall
be, and if not. of the person having possession
or charge thereof, ut 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. / 2. In making up the amount of mo-
neys and credits which any person is requr-
ed to list for himself or any other person,
company or corporation, he shall be entitled
to deduct from the gross amount of moneys
an credits the amount Of all bona fide debts
owing by such persons, company or corpora
ton, TO any other person, company or corpora
liion; but nc acknowledgement of Indebtedness
mot founded on actual consideration, believed,
! when received, TO have been adequate, and
no such acknowledgment made for the pur-
pose Of being odeducted,s shall be considered t
debt within the meaning of this section; and sc
much only of any liability,as surety for Others
: shall be deducted,as the person making out the
statement Believes the surety is legally
& or equiIably bound to pay, and so much only
/ as he believes such surety will be compelled tc
! pay, on account of the inability or insolvency
! of the principal debtor; and if there are othe'
) 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
and no person, company or coporatlen shall be
entitled to any deduction on account OF any
bond, note or obligation of any kind
given TO any mutual insurance company
nor on account of any unpaid subscription t.
: any religious, literary, scientific or charitable
! institution or society nor on account ofany sub
scription to, or installment payable on the eapi
|, tai stock Of any company, whether incorpora
: ted or unincorporated.
. OF LISTING AND vALUIEG THE PROPERTY OF MER
CHANTS AND MANUFACTURERS.
Sec Is Every personthat shall own, o.
have in his possession, or subject 20 his contro
:. any personal property, within this State, will
: authority TO sell the same, which shall har,
been purchased either in or out of this State
Z with ayiew of being sold at an advanced price
: : or prefit, or which shall have been consigned
!, to him from any place out Of this State, 70
- the purpose of being sold at any place within
:. this State, shall be held 10 be merchant
and. at al times, when he shall be by this &C
:, REQUIRED to make out and deliver to the as
|sessor a statement of his other personal pro
!. lper.y, he shall state and attest, on oath o
N affirmation, the value of such property aP
!. pertaining to his business ms merchant: an
- estimating the value thereof, he shall take a
the criterion the average value of all sue
: articles of personal property which he sha
:, have had from time to time in his possession
II or under his control, during the year mex
= previous to the time Of making such state
ment, if so long he shall have been engage
IL lin business, and if not, then during such tim
:. as he shall have been so engaged, and the avel
sf age shall be made up by taking the amour
- - in value on hand, as nearly as may be, in eac
- month of the next proceeding year in whic
the person making such statement shalt hay
r. been engaged in business, adding togethe
- such amounts, and dividing the aggregate 1
- mount thereof By the number Of months tn;
- the. person making statement may have bee
- in business during the preceding year; pr
ii iviGed that no consignee shall be required
-, list for taxation the value of any property, til
~ product of this State which shall have been col
- signed to him, for sale or otherwise, from an
= place within the State, nor the value Of an
= property consigned to him. from any otht
- place, for the sole purpose of being stored {
On forwarded; provided he shall, in either cas-
=. have no interest in such property or in any pr
- 6t to be derived from its sale; and the wol
"a "person," as used in this, and the two su
ISa I ceeding sections, shall be held to mean and i
~ clude 'fru," company" and Corporation
er Sec IA Every person who shall purchas
Inc receive or hold personal property of any de
80 cription, for the purpose Of adding TO the V
;on lue thereof. by any process of manufacturir
nai -, refining rectifying or by the combination
.,i, ,, different materials, with view Of making
;-e gain or profit by SO doing, shall be held to
;. - > a manufacturer, and he shall, at all tim,
=; when by this act he is required to make al
:" believer to the assessor a statement of q
the amount cf value of his other personal pr
i;,s petty subject to taxation also state the ave
-. age value estimated, as provided in the prec
o. ding section. of all articles purchased, receiv
az or otherwise held, for the purpose of being us
lies 70 Mhoie o. :, =, rsctifr;Dp ~