The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1859-05-05

ufactured articles which such person Is re.
quired to list as a manufacturer; thirteenth,
the value Of money, and credits required to
be listed, including ell balances Of book ac-
counts; fourteenth, the value Of the moneys
invested in bonds, stocks, joint stock COM
punies, or otherwise, which such person is
by this act required to list.
Sec. 8. II there be no articles of personal
property, 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 Occount,
or account of others, he may set forth such
fact to the assessor, who shall require the
oath or affirmation of such person to the
truth of the same.
RULES FOR vALUING PROPERTY.
Sec. 9. Each separate parcel of real
property shall be valued at its true value in
money, excluding the value Of the crops
growing thereon but the price for which
such real property would sell at auction, or
at forced sale, shaI not be taken as the
criterion OF such true value. Each tract or
lot of real property belonging to this state,
or to any county, city, or charitable institu
ton, whether incorporated or unincorpora.
ted, and school or ministerial lands, held Un.
der lease for term exceeding five years,
shall be valued at such price as the assessor
believes could be obtained at private sale for
such leasehold estate. Personal property Of
every description, shall be valued at the usual
selling price of similar property at the time
Of listing, and at the place where the same
may then be and if there be no usual
selling price known to the person whose
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at such price os it is believed could be OBJ
tained therefor, in money, at such time and
place. Investments in bonds, stocks, joint
stock companies, or otherwise, shall be val.
ued at the true value thereof, in money
Money, whether in possession or on deposit
shall be entered in the statement OF the full
amount thereof: provided, that deprecated
bank notes shall be entered at their current
value. Every credit for sum certain, pay.
able either in money, property of any kind,
labor or services, shall be valued at the full
price of the sum 80 payable; if for q spec-
fc article, or for q specified number or guam
tity of any article or articles of property, or
for a certain amount Of labor, or for services
of any kind, it shall be valued at the current
price of such property, or OF such labor or
service, at the place where payable. Annu-
tiles or moneys receivable at stated periods
shall be valued at the price which the person
listing the same, believes 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, natural or artiticial-and the
right to any minerals therein, in another or
others, the same shall be valued and listed
agreeably to such ownership in separate en-
tries, and taxed to the parties owning the
same, respectively.
Sec. 10. No person, company, or torpo.
ration, shall be entitled to any deduction, on
account of any bond, note or obligation Of
any kind, given to any mutual insurance
company; nor on account of any unpaid
subscription to uny religious, literary, scien-
tific or charitable institution or society nor
on account of any subscription to, or install
ment payable on the capital stock Of any
company, whether incorporated or unincor-
pOrated.
OF LISTING AND vALUTEG THE PROPERTY OF
MERCHANTS AND MANUFACTURERS, AND OF
i BANKERS, EXCHANGE BROKERS, AND STOCK
JoBBERS, ETC.
Sec. IL. 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 to being sold at an ad.
vanced price, or profit, or which shall have
been consigned to him, from any place out
Of this stute, for the purpose Of being sold
at any place within this state, shall be held
to be merchant and, when he shall be by
this act required to make out and deliver to
the assessor a statement of his other personal
property, be shall state the value OF such
property appertainng to his business us o
merchant and in estimating the value
thereof, he shall take as the criterion the
average value of all such articles OF personal
property which he shall have had from time
to time in his possession, or under his con.
troll, during the year next previous to the
time of making such statement, If so long
he shall have been engaged in business
and if not, 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 engaged in business, adding together
such amounts, and dividing the aggregate
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that the person making the statement may
t have been in business during the preceding
year : provided, that no consignee shall 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 Of any property consigned to
f him from any other place for the sole pur-
! pose of being stored or forwarded; provided
he shall, in either case, have no interest in
> such property, or any profit to be derived
r from its sale /; and the word person, as used
in this and the succeeding sections, shall be
held to mean and include firm, company anC
incorporation.
Sec. IL. Every person who shall pur
] chase, receive or hold personal property o
. any description, for the purpose of adding
to the value thereof by any process of man
=; ufacturing, refining, rectifying, or by thu
] combination of different materials, with |
j, view of making gain or profit by so doing
{ shall be held to be manufacturer and h'
y shall, when he is required to make and de
d liver to the assessor a statement of the
g amount of his other personal property sub
Y ject to taxation, also include in his statemen
. the average value estimated, as provided il
: the preceding section, of all articles pur
r chased, received or otherwise held, for tn
: purpose of being used in Whole or in part, il
any process or operation Of manufacturing
e combining, rectifying or refining, which from