The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1852-04-30

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services Of any kind. il shall be valued al
the current price Of such property or Of
such labor or service, at The place where
payable. Annuities or moneys, receiva'
bic a, stated periods, shalt be valued a,
the price which the person listing The
same belives iheni 10 be worth in money
OF DEDUCTIONS MADE FROM MONEYS AND
CREDITS. aff e,tht
SEC. 10. In making up the amount ci
moneys and credits which any person Is
required 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 bona fde debts owing by sbch
person, company or corporation, TO any
other person. company or corporation. for
consideration received; but no ac-
knowledgment ofindebtedness, not foun-
ded on actual consideration, believed,
when received 10 have been adequate,
and no such acknowledgment made for
the purpose of being SO deducted, shall
be considered debt within the meaning
of this section: and SO much only OF any
liability, as surety for others, shall be de-
Quoted ar the person making out the
statement believes the surety is legally
and equitab!v bound to pay. and 50 much
only as he believes such surety will be
compelled to pay on account of the ina
bIity or insolvency Of The principal debit
or: and irthere are other sureiles who
are able 10 contribute, then only so
much as the surety in whose hehalf the
statement is made, will be bound to con-
tribute; Provided, that nothing in this
section shall be so construed as TO apply
to anv bank. company or corporation ex'
ercising banking powers or privileges.
src. IL. No person. company or cor
rora,ion. shall he entitled to any deduc-
iion on account Of any bond, note or OBJ
legation Of anv kind, given to any mutual
insurance company, nor on account OF
any unpaid subscription to any religious
literary. scientific or charitable institution
or society: nor ON account Of anv sub
scrip,ion to. or ius,allment payable on
the capital stock Of any company, wliher
Incorporated or unincorporated. luI.
OF LIFTING AND vALCINe THE PROPERTY
oP MERCHANTS AND MANUFACTURERS
AND oF BANKERS, EXCHANGE BROKERS
AND STICK JoBBERs, &c.
SEC. 10. Every person that shall own
or have in his possession, or subject 10
his control, any personal property within
thi, State. with authority to sell the
same, which shall have been pnr'
chased either in or ont Of this State,
with view 10 being SOLD al an advanced
price. Of profit, or which shall have been
consigned to him, from any place out o,
this State, for the purpose of being sold
at any place within this State, shall be
held 10 be merchant; and, when he shall
be by this act required to make nut and
deliver TO the assessor statement oi his
other personal property. he shall state
the value Of snch property, appertallilnl
to his business as merchant; and in es'l'
mating the value thereof, he shall take
as .he criterion, the average value Of 81
such articles Of personal property which
he shall have had from lime to time "
his possession; or under his control, dur
ing the year next previous to the time o
making such statement, it so long he
shall have been engaged in business
and if Not, then during such time as he
4 shall have been SO engaged; and the ave
rage shall be made up by taking tn
amount in value on hand, as nearly a
nav be, in each month of the next pre-
ceeding year in which the person making
such siatemen. shall have been engaged
| in business. adding together suc'
amounts, and dividing the aggregate
amour, thereof by the number ofmonth'
that the person making the s'atemen
NAV have been IN business during th'
preceding year; Provided, that no con
signee shall be required to list for taxa
ton the value Of any properly, the pro
duct of this State, which shall have beer
consigned to him, for sale or o'herwls'
from any place within the State, nor tn
value OF any properly consigned 70 hin
from any other place for the sole pulpos
OF being stored, or forwarded; Provided
he shall, in either case, have no interes
in such property. or any profit 10 be de
rived from its sale; and the word person
as used in the succeeding section, shall b
held 10 mean and include, firm, company
! and incorporation. we ,,6ll
! SEC. l3. Every person who shall pur
chase, receive or hold personal propert
Of any description, for the purpose OF add
!, inc to the value thereof by any process
Of manufacturing, refining. recslfylng, Q
!, by the combination Of different materl
ais, with a view Of making gain or pro
fit BY so doing, shall be held TO be
manufacturer; and he shall, when ne
required 10 make and deliver 10 the asses
or s,atemen, Of the amount oil his olhe
personal property subject to taxation
also include in his siatemen, the avcrag
value estimated, as provided in the pre-
, oeding section. of all articles purchased