American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-05-05

property belonging TO this state, or to any
county city or charitable institution, whether
incorporated or unincorporated, and school or
ministerial lands, held under a lease for
term exceeding fye years, shall be valued at
such pIlce as the assessor believes could be
obtained atpriyate sale for such leasehold
estate. PeEsonal property Of every descrip-
ton, shall be valued at the usual selling price
Of similar properly at the time OF listing, and
at the place where the same may then be; aud
If there be no usual selling price known to
the person whose duty it shall be 10 fix value
thereon, then at such price as il is believed
could be obtained therefor, in money at such
time and place. Inyestmentsin bonds, stocks
joint stock companies, or otherwise, shall be
valued at the true value thereof in money
Money, whether in possession or on deposit,
shall be entered in the statement at the full
amount thereof: provided that deprecated
bank notes shall he entered at their current
value. Every credit for sum certain, paya-
ble either in money, properly OF any kind, la
Dor or services, shall be valued at the full
price OF the same so payable; IL for a specific
article, or for specified number or quantity
OF any article or articles Of property, or for a
certain amount Of labor, or for services of any
kind, il shall be valued at the current price OF
such property, or Of such labor or service, at
les receivable at stated periods shall be valu
ed at the price which the person listing the
same believe them TO be worth in money
Where the fee Of the soil of any tract, parcel
or lot OF land is in any person or persons, nat
ural or artifcisl-and the right to any miner
ais therein, in another or others, the same
shall be valued and listed agTeeably 10 such
ownership IL separate entries, and taxed 10 the
parties owning the same. respectively.
Sec. TO- No person, company, OF corpora
ton shall be entitled TO any deduction on ac-
count ofany bond, note or obligation of any
kind, given 10 any mutual insurance compa
N.Y. nor on account Of any unpaid subscription
to any religious, lilerary, scientific OF charita
be institu ton or society; nor on account Of
any subscription 10, or installment payable OH
the capital stock Of any company, whethetin-
corpora,ed or unlncorporated.
OF LISTING ARD vALUiNG THE PROPERTY OF
MERCHANTS AND MANUFAcrpRERs, AND OF
BANKERS. EXCHANGE BROKERS', AND STOCK
JoBDERs, ETc.
Sec. H.. Every person that shall own, or
have in, his possession, or subject TO his con
troll, any personal property within this state,
with authority TO sell The same, which shall
have been purchased either in or out of this
state, with view 10 being sold al an advan-
ced price or profit, or which shall have been
consigned to him, from any place out Of this
state. for the purpose OF being sold at any
place within this state, Shall be held TO be O
merchant; and when he shall be by this ac
required TO make out and deliver to the asses
sor statement Of his other personal proper
ty, he shall state the value OF such property
appertaining TO his business as merchant;
and in estimating the value thereof. he shall
take as the criterion the average value Of all
al .f -, talr L.
shall have had from time to time in his posses
sion, or under his control during the next yeal
previous in the time OF making such statement
II SO long he shall have been engaged in busi
ness, and ifnot, 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
the person making such statement shall have
been engageu in business, adding together
such amounts, and dividing the aggregate a.
mount thereof by the number OF months that
the person making the statement may have
been in business during the preceding year,
provided, that no consignee snail be required
to list for taxation the value OF any property
the product OF this state, which shall have
been consigned to him, for sale or otherwise
from any place within the state, nor the value
other place for the sole purpose Of being stor
ed or forwarded; provided he shall in eithe
case, have no interest in such property, or an!
profit to be derived from its sale: and the wort
person, as used in this and the succeeding
sections, shall be held TO mean and include
firm, company and ndincorporation.
Sec. 10. Every person who shall purchase
receive or hold personal property Of any des
cription, for the purpose Of adding to the val
ue thereof by any process Of manufacturing
refining, rectifying or by the combination o
different materials, with a view Of making {
gain or profit, by so doing, shalt be held 10 be I
manufacturer; and he shall, when he is TeQui
red to make and deliver TO the assessor 9
statement Of the amount Of his other persons
property subject 10 taxation, also iaclude il
his statement the average value estimated, a'
provided in the preceding section, OF all arti
cles purchased, received or otherwise held
for the purpose of being used in whole or il
part, IN any process or operation OF manufac
turing, combining, rectifying OF refining
which from time TO time he shall have had or
hand during the next year previous to the
time of making such statementif so long he
shall have been engaged in such manufacture
ing business; and il not, then Curing the tims
he shall have been so engaged. Every person
owning manufacturing establishment of any
kind, and every manufacturer, shall list as q
pact OF bis manufacturers stock the value o.
all engines and machiuery Of every description
used or designed to be used, in any process o.
refining or manufacturing, Except such fix.
lures as shall have been considered ss part Of
any parcel or parcels of real property inclu-
ding all tools and implements Of every kind
used or designed to be used, for the Aforesaid
purpose.
Sec. 13. When any person shall commence
any business in any county after the day pre-
ceding the second Monday Of April in any yeal
the aveTage value Of whose personal pIopert,
employed IN such business, shall not have
been previously entered on the assessors lis
for taxation in said county, such person shal
report to the auditor OF the county the pToba,
BILE average value of the personal property b,
him intended to be employed in such bust
ness until the day preceding the second Mon
day OF April thereafter; and shall pay intC
the Treasury Of fsuch county sum which shat
bear such proportion 10 the levy for all pur'
poses, on the average, so employed, as the time
| from the day on which he shall commence
such business, as aforesaid, to the Gay prece.
ding the second Monday Of April next succee.
ding, shall, bear TO one year. Provided, thai
II the person so listing his capital shall present
bona fide receipt to the treasurer Of an,
county in this state, in which such capital hat
boen previously listed and taxed for the ann
ofthe taxes assessed, and by him paid on the
same ca pital for the same year, theE and in
that case it shall be receipt from paying tax
/ es again on such capital.
Sec. a.. When any person shall commence
or engage 10 the business Of dealing in stocks
Of any descriptions OF 10 buying OF shaving