The Belmont chronicle, and farmers, mechanics and manufacturers advocate. [volume] (St. Clairsville, Ohio) 1848-1855, 1853-04-15
or Listing and Valuing the Properly Of
Merchants and Manufacturers, and Of
Bankers, Exchange Brokers, and
C,ncL t,,lL,.s L..

Sec. ~. Every person that shall own, or bav,
~ his possession, or subject to his control, an,
personal property, within this State, with an
thority to soil the same, which shall have beri
purchased either in or out Of this Stntc, with ,
view to being sold nt an advanced price or proit
or which shall have been consigned 10 him. from
any place out of this State, for the purpose Of be
ing sold at any place within this State, shall b,
held to be merchant, and, when he shall be b,
this act required TO make out aud deliver 10 IN,
assessor statement Of his other personal proper
~, he shall state the value Of such propctty mn
pertaining to his business as Il merchants; and il
estimating the value thereof, he shall In Ike az th
criterion, the average value Of all such nrticle
oi personal property which he shall have hat
rom time to time in his possession, or under hi
control, during the yeur next previous to th,
tlmn OF making such statement, il 50 long h,
shall have been engaged in business, and il not
Ihcn during such time as he shall have been &c
engaged, and the average shall be made up by
taking the amount ia value on hand, as nearly a,
may be, in each month Of the next preceding
yeas IN which the person making such sta tcmcnt
shall nave been engaged in business, adding to
gethcr such amounts, and dividing the aggregate
amount thereof by the number of months thai
the person making the statement may have been
in business during the preceding year; Provided
that no consgnce shall be required to list for Ia
alton the value Of any property, the product oil
him, for sale or otherwise, from my place within
tho state, nor the value of any property consipn.
ed to him from any other place for the sole pur.
pose OF beng stored or forwarded; Provided he
shall, in either case, have no interest in such
property or any profit to be derived from its 50
and the word "person," AS used in this and tho
succeeding sections, shall be held to me IN and in
clude "hrn, company" and cooperation"
SEC. l3. Every person who shall purchase,
receive or hold personal property Of any dcscrip
Ton, lor the purpose Of adding to the value
thefeoi by any process Of manufu ucturng, rein.
ing, rectiiying, or by the combination of different
with tho view OF making a gain or
Proht by so doing, shall be held to be nanufac.
turer, and he shall, when he is required to make
ana denver to the assessor a statement of the a.
mount OF his other personal property subject to
taxation, also include in his statement the aver.
age value estimated, AZ provided in the proceed.
ing section OF all articles purchased received, or
otn9t"lse heid, Tor the purpose of beng used in
whole or in part, in any process or operation Of
combining, rcctifyng, or refin
ing, which, from time to time, he shall have had
on hand during the year NEXT previous to the
time OF making such statement, If so long he
shall have been engaged in such manufacturing
business, and If not then during the time he shal!
have been so engaged.
SEC. Id. Every person owning n manufac.
turing establishment of any kind, and every
manufacturer shall list as part of his nanufac.
lurer's stock, the value OF III engines and machi-
merry, of every description, used, or designed to
be used, in any process of refining or manufa fac.
Turing, Except such fixtures as shall have been
'onsdr as part of any parcel or parcels Of
-cal property) including all tools AMI i'm pie
nonts OF every kind, used, dcs sncd to be used,
or the aforesaid purposes
SEC 10. Every person who shall have money
Employed in the busines OF dealing in coin, notes,
,r bills of exchange, or in tho business of dealing
n, or buying, or shaving any kind Of bills of cx.
;hangc, checks, drafts, bunk notes. promisory
notes, bonds, or other writing obligatory, or
tocks OF any kind or description whatsoever, shall
DC held to bo banker, broker, or stock iobber,
md he shall, when he is required to make out
md deliver to the assessor statement Of the Il.
mount or value of his other personal property
'ublcct to taxation, aso include in his statemrnt
he average value estimated as provided in tho
.welith section OF this act, OF all moneys, notes,
pills of exchange, bonds, stocks, or other proper
y appcr,aining to his business as a banker, bro
ier, or stock ubber which he shall have had,
rom time to time, in his possession, or under
iis control, during the year next previous to the
inc OF making such statement, il so long he
ha II have been engaged in such business and il
rot. then during the tmo he shall have been 90
Engaged.
Sections If, land 49, provide tha t merchu nts.
brokers', and manufacturers who commence bnsi
less aHer inc ahhu@l nssosslheht' snail report 10
county uu"itor' or suher penalty ior neglect.
Or Listing and Vauing the Property Of Banks
md Ranking Comnonies S other C,rnoratio,s
SEC. ~. u snail be the duty oi the President
ma cashier OF every bank or banking company
nat shai nave peen OF may hereafter DC ihcor'
,orated ny the laws OF TINS STATE and having
ne r'ght 10 issue pliis 'or ci,culation as money
)" make out una return nhder oa'h' TO inc audi
or oi the county IN "hich shch onnk or banking
company may oe situated IN the month oi May
annually, va a written statement containing go,
lst. me average amount OF notes and bills
i'scouhtea OF Purchased oy such ouhk or osnk
hg company "nlch amount snail include all the
oahs or discounts OF such oahK or banking com
pahy, "hetnet orlglnaiiy maze OF renewed dur
hg tno year Aforesaid or AZ any time previous;
"hether MADE on piiis OF ehcnahge' notes oonds'
mortgages OF Any 0the, e'laehce ot ihdeoted-
ness al thelr actuui Vaiuo IN money whether
'ue previous 10, curing OF ateT 'hG perioo aioFe
'ald a. on "hlch such DanK OF oahkihg company
las ut any t'me reserved or received or enll'
yea 20 receive, any Prohl, OF o'her consideration
Whatever either III inc snuPe OF interest," DIS
'"un'' eNchahge' or otherwlsc.
"a. Inc average amount oi al moneys, ehects
" Dues OF every description' belonging to such
'anK or banking company loaned invested, or
,therWise useu OF employed win view TO pro-