The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1859-09-16

I
| Sec. s. II there 6c no articles OF person.
al proparty, moneys, or credits, investments
in bonds. stocks, joint stock companies or
otherwise, which such person would be, by
this act, required to list; on his own account,
or account of Others, he may SGT forth such
! TACT to tho assessor, who shall require tho
oath on Attenuation of such person to tho
! truth of the same.
RULES FOR YALuING PROPERTY.
] Sec o. Each separate parcel Of real
property shall 10 valued at its true valuo in
money. excluding tho valuU of tho crops
growing thereon l,ut the prico for which
such real property would sell at auction, or
ut II forced sale, shall not DO taken as tho
criterion of such truo value. Each tract or
! lot of real property belonging TO this state.
or to any county,city or chaitable institution,
/ whother Incorporated or unncorporated,
and school or ministerial lands, held under
u lease for term exceeding five wears shall
! bo valued at such pricc as tho assessor be
/ lievos could be obtained at private sao for
such lcasohold estate. Personal property
of every description, shall be valued at
| the usual selling price Of similar property
at the timo Of listing, aud at tho place
where tho same may then be; and it
there DO no usual selling price known to the
| person whose duty it shall DO to fix a value
thereon, then ut such price as is believed
could bc obtained therefor, in money, at
such time aud place. Investments in bonds.
stocks, joint stock companies. or otherwise.
shall DO vaiuod at the true value thereof 10
money. Money. whether in possession or
on deposit. shall be entered in tho statement
at the full amount thoroof: provided that
deprecated bank notes shall DO entered ut
thor current valuo, Every credit for a sum
| certain, payable either in money, property
of any Mind, labor or services, shalt DO
valued ut tho full price of the sum 50 pay
able II tor specific article. or for Il spccl.
lllod number or quantity of any article or
articles OF property, or for u ccIt tain amount
of labor, or for services of any kind, it shall
DC valued at tho current prico OF such prop
orty, or OF such labor or service, at the
place whore payable. Annuites nf moneys
receivable at stated periods shall bo valued
ut thu price which tho person listing tho
samo, believes them to be worth in money.
Where tho fec of tho soil of any tract parcel
or lot of land is in pnrsnn or persons,
natural or artIiicial-and tho right to any
minerals therein, in another or others. the
samo shall DO valued and listed ugroeably
10 such ownership in scpcrute entries, and
taxed To tho parties owning the same res.
pectIyely.
t Sec. 10. No person. company, or corpo'
, ration, shall bo entitled to any deduction
+ on account OF any bond. noto or Obligation
OF any kind, given to any mutual insurance
, company; nor on account of any unpaid
, subscription to any religious, literary, scicn.
titic or charitable institution or society nor
On account of any subscription to. or install.
mcn; payable on the capital stock of any
company, whether incorporates or unincor-
, porated.
OF LISTING AND vALUING THE PROPERTY OF
! MERCHANTS AND MANUFACTURERS, ASp
, OF BANKERS. EXCHANGE BROKERS, AND
} STOCK JoDBERs ETC.
Sec IL. Every person that shall own OF
have in his possession, or subject To his con-
, tr0l, any personal property within this
state, with authority to sell the same. which
} shall have boon purchased either in or out
OF this state with view to being sold at an
! advanced price or profit, or which shall have
bcen consigned to him, from any place ont
Y of this state, for the purpose OF being sold
. ut any place within this state. shall DO held
10 bo II merchant and. wheE no shall bo by
this net required to make out and deliver Ia
= tho assessor u statement of his other per-
s sOnal property, be shall state the the value
. OF such property appertaining to his business
q as a incI chant; and in estimating tho value
. thereof he shall take as tho criterion tho
. average value of all such articles OF personal
u property which he shall have had from time
n to time IN his possession. or under his cor
, troll. during tho year next previous to the
Il time Of making such statement, if so long I've
! shall have been engaged in business; and il
not, then during such time as he shall hav,
r been so engaged aud the average shall bc
: made up by taking tho amount in value or
T. hand, rs nearly as may be, in each month q
n tho next preceding year in which the person
ii making such statemen; shall havo been en-
|. gagod in business, adding together suci
' amounts. and dividing tho aggregate amour
/ thereof by tho number of months that the
t. person making tho statement may have hCCI
in business during the preceding year pro
t vided that no c0nslgnco shall bo required to
r list for taxation the value of any property
, the product of this state. which shall have
v been consigned to him, for sale or otherwise
i from any place within tho state. nor tn
n value of any property consigned to hin
r from any other place for the solo purpose
o of boiug stored or forwarded /; provided, hi
O shall in either case, have no interest in sucl
I property, or any profit to bo derived from
, its sale; and tho word person, as used in this
aud tho succeeding sections, shall bo held "a
$ mean and include firm, company and
incorporation.
j., Sec IL. Evcry pcrson who shall pur,
chase, receive or hold personal property oI
d any description, tor tho purpose of adding
# to tho value thereof by any process of man
e ufacturng, refining. rectifyng, or by the
{; combination of different materials, with q
d view Of making gain or profit by so doing
If shall be hold to DO a manufacturer and ht
l. shall when no is required to make and de-
h, liver to the assessor statement of tho
], amount of his other personal property sub
Al iect 10 taxation. also inc ude in his statement
}. the average value estimated, as provided il
3 tho preceding section, OF all articles pur
r chased, received or otherwise held. for thC
is purpose of being used in whole or in part
70 in any process or operation OF manufacturing
20 cnmhining. recrifyng or refining, which from
t. timo 10 time he shall have had on hand du
r. ring tho wear next previous 10 tho timo q
h making such statement, if SO long ho shal
% have brcn engaged in such manufacturin:
in business aud if not. then during tho tim,
1r bo shall have been so engaged. Ever
ut persnn owning manufacturing es
ID tnhlishmcnt of any kind. and overy manu-
h. mcturer, shall list as II part or his manufaC
10 turcr's stock tho value of all engines an
'u machinory of every description used. o
III desienod 10 be used, in any process of r'
r.. fininp or manufacturing. (cxcept BDc
W 6xtuTos nc shall have boon considered a