The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1851-05-09

Valueu al 81 Gu price as tno uss1s"o' ""
lieves, could be obtained at private sale
for such leasehold estate, upon the terms
Of sale above specified. Personal prop.
eriy Of every description shall be valued
at The usual selling price ofsimilar prop.
euy at the time Of listing, and at the
place where the same may then be; and
il there be no usual selling price known
to the person, whose duty it shall be TO
fix value thereon, then at such price as
is believed could be obtained therefor,
in money, at such time and place. Money,
whether in possession OF on deposit, shall
he entered in the statement at the full
amount thereof; Provided, that deprecla-
ted bank notes shall be entered at their
current value. Every credit for sum
certain payable either in money, property
Of any kind, labor or services, shall he
assessed at the full value Of the sum SO
payable; if for a specific article, or for
specified number, or quantity OF any ar
tcle or articles of property, or for q GER
tain amount of labor or services of any
kind, shall be valued at The current price
Of suchproperty,or or ofsuchlabor or servic 8
at the place where payable. Annuilies,Hnd
moneys receivable at stated periods snail
he valued at thepfice which iheperson list
| log the same believes them To be worth in
money. All manufactured alticles,r ,remaln.
ing unsold in the hands Of any mechanic
BY whom they shall have been made,
shall be valued a, so much as the mate
rials entering into their composition, shall
have cost such mechanic.
Sec. IL. Personal property of every
description, other than that of merchants
and manufacturers, shall be listed as the
properly of the person who shall be the
owner thereof, il a resident Of the county
where the same shall be, and il not, Of
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. IL. In making up the amount
of moneys and credits which any person
is required to list for himself, or any
other person, company or corpora'ion, he
shall be entitled to deduct from The gross
amount of moneys and credits the
amount of all bona 6de deb!s owing by
such serson, company or corporation To
sny other person, company or corpora,
ton; bat no acknowledgment Of indebl.
edness, not founded on actual considera.
ton, believed, when received, to have
been adequate, and no such acknowledg-
ment made for the purpose Of being 80
deducted, shall be considered debt
within the meaning of this section; and
so much only Of any liability, as surety
for others, shall be deducted, as the per-
son making out The statement believes
the surety is legally or equilably bound TO
pay, and so much only as he believes
such surety will he compelled TO pay, on
account Of the inability or insolvency OF
tho principal debtor; and il there are
other sureties who are able 10 contribute,
then only so much as the surety in whose
behalf the statement is made, will be
bound 10 contribute, and no person, com
pany or corporation shal! be entitled 20
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 10
any religious, Literary, scientific or chari-
table institution or socieiy; nor on ac,
coun, Of any subscription TO, or install
ment payable on The capital stock of any
company, whether incorporated or unin-
corporated
OF LISTING AND Waiting TUE PROPERTY
OF MERCHANTS AND MANUFACTURERS.
Sec. l3. Every person that n u
own, or have in his possession, or sub
ject TO his control, any personal property,
within this State, with authority to sell
the same, which shall have been pur.
chased either in or out Of this State, with
a view of being sold at an advanced
price or profit, or which shall have been
consigned 10 him from any place out Of
this State, 70: the purpose OF being sold
at any place within this State, shall be
held TO be merchant; and, at all times,
when he shall be by this act required to
make ou, and deliver to the assessor a
statement Of his other personal property,
he shall state and attest, on oath or affir
nation The value of such property apper,
tanning 10 his business as merchant,
and in estimating the value thereof, he
shall take as the criterion the average
value cf all such articles ofparsonal pro-
perry which he shall have had from tine 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 may be, in each month of the
next preceding year in which thn person
making such statement, shall have been
engaged in business, adding together such