The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1858-06-04

FIVE be and the same are hereby repealed.
WILLIAM B. WOODS,
Speaker of the House OF Represen atives.
MARTIN WELKER,
President Of the Senate.
April 10. 1858.
Il No. ss.l AN ACT
To tax the property of banks and bankers
so as to require all property employed IN
banking to bear burden Vi ;asaton equal
to that imposed on the properf; OF Other
persons.
Srcrios /. Be it enacted by the General
Assembly OF the State OF Ohio. That 1t shall
be the duty OF The president and cashier oil
every bank or ba king company that shall
have been or may hereafter be incorpor ated
by the laws OF this State, and having the
right to issue bills for circulation as money,
10 make out and return under oath, to the
Auditor Of the county in which such bank
or banking company may be situated, in the
month OF May, annually, a written state,
ment, containing
lst The average amount of notes and bills
discounted, or purchased by such bank OIL
banking company. which amount shall in
clude all the loans or q discounts Of such ban K
or banking company, whether originally
made or renewed during the year aforesaid,
or at any time previous; whether made on
bills OF exchange, notes, bones, mortgages.
or any other evidence of Indebtedness, lat
their actual value in money! whether pre-.
vious 10, during, or after the period afore.
said, and on which such bank or banking
company has At any tune reserved or teceiv.
ed, or is entitled TO receive, any profit, or
other consideration whatever, either in the.
shape of interest, discount, exchange. or
otherwise.
81. Tie average amoun. OF all other mon.
eys, effects or dues OF every description be.
longing 10 snch bank or banking company,
loaned, invested or otherwise used or en-.
ploveG with a view 10 profit, or upon which
such bank or banking company receives, or
IS entitled 10 receive interest provided,
however, that tAe average amphnto the
specie funds Of ,vcry such bank kept on
hand unemp Dyed except with n view Of re-
ng its circulation and meeting its ac
crulug liabilities to depUsitofs. and also the
average amount of the balances due from
other banks upon which nU interest, profit
or consideration Is reserved or received,
shall be excluded in the above estimates OF
the taxable roperty oi each bank required
TO he made aud returned as aforesaid.
Src 9. To ascertain the amount Of notes
and hills disco antrd and purchased. aud all
other moneys, effects or dues OF every de-
script,on belonging 10 such bank OF banking
company, loaned, invested or otherwise u sell
or emplovcd with view to profit, or upon
which such bank Dr banking company re
celves, CI II cn.iiled TO receive interest. tc
be returned as aforesaid, there shall be Ia
ken as ciIt-ri"n the average amount of the
aforesaid items IUr each month during the
year next previous 10 the time of max ny
such statement, II So long such bank or hanh
ing company shall have been engaged in
business, and II moi, then during such time
as such bank or banking company Shall have
been engaged ia business aud the average
shall be made by adding together the amount
so found belonging 10 snch bank or banking
company IN each month 81 engaged IN bu l.
ness, aud dividing the same by the numhe
Of months so added together.
7 SEC. ,. Every person who shall hsv'
money employed IN the same business o
dealing IN CON, notes or bills OF exchange
or in the business OF dealing in, or buyin
or shaving any kinds of bills OF exchange
checks, crafts, bank notes, promiSSory notes
bonds or her writing obligatory, or stock
of any KIND or description whatsoever, shal
he held TO he n banker, broke, OF stock job
Iber; and he shall. when he rs required Z
make out aud dehverto the assessor a state
Imcnt of the amount or value Of his othe
personal property subject to taxation, ais
Include in hts statement the average valu
/ estimated, MS ptovided IN the twelfth sectio
of this act, as all moneys. notes. bllls ol ex
change, bonds, stocks, or other property ap
lpettaining 10 his business as banxer, bro
ker or stock iobber, which he shall have ha
from time 10 tlme IA his possessiOa, or un
der hl. control, during the year next pre-
yious 10 the time OF making such statement
if so long he shalt have been eaguged lnsus
business, aud II not, then dunng the TN
he shall have been so engaged.
Sic. 4. Thai in all cases where the take,
or any mart thereof, assessed upon the pei
sinai pruperty, moneys, credits VI effects
any bank or banking, or other incorporate
company or association, or any banker, brc
> ker or stock ioons'. "' p..,n-rsb,p OF cou
80 oi bankers 0tokn,S W
any aeenI W ." ',S :,
ihcoipo'atcu w snN 90" ~ ''',,',r, ~ =,
OF uoVeIhmen', unus' ,"s II p ,..a,,nn ~ -, " ~
( act iof ths as'ess' VA I S,' Iu',','', "
property III lh,s SN' ,rn.. y,In,. 'e rn''r
! thereon aeeoiu'"s ~ ',a.,,i, S J,v nT ANIL
. ey' paSseu the 'n',se.n Is, H1y s,pr spn
= the year e'sh'9" ''
are now uhpa'u, y, ."a's S,s, n"s ~ ~ aen'h %
# unpaId liil 'he '"yn'y n,as oat VI nSo '','n,
c IN any year, 'he a's sa.. Ssso =, MAJ ~. .
y wherein suSn ss..,,n .aaes dssnanb na",n.n,
sesseu, snsn oanh,a,..s and ,;v.. ~, en-, :,
e tue amour VI SUI" n,nh ~, No. rs s,'.
penaiH .nese ~ ,hs Tr,.asmrer nv ,..au" ,"'