The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1873-06-13

geldings and mules as will exempt the last
named from taxation.
Ia. In returning tire articles mentionetPin
the It'll and Sth sub-sections of section Z, ii is
only necessary TO give the aggregate value
of each item. In other words, 1t is not ne
cessary to give the number and character of
the pieces of jewelry or household and
kitchen furniture, but simply to report un-
der the head of iewelry the total value, and
under the head of household and kitchen
furniture, the total value.
Is. The items of personal property men,
toned in the 10th head of the blank sched-
u1e are so inserted for the convenience of
the tax payer. Ii he prefers, he may, under
the head of t'all other personal property,
return without specification the aggregate
value of these and other articles of personal
propertye not included in any of the other
heads of the schedule.
speak of banks or banking associations APP
ply to bank corporations. Section is APP
plicable to itdiuiduaJ bankers. Stockhold-
ers in bank or other joint stock company,
must report the number and Value of their
shares ofstock NJ the assessor of the district
or ward in which said bank or joint stock
company is located, and not elsewhere.
Under the 10th section of the law every
bank or banking association is required to
list of the names and residences of all the
stockholders therein and the number of
shares of each, and it is the duty OF the as
SCISSOR OF the district or ward where the bank
is located to thoroughly examine such list,
for the purpose of ascertaining the number
of shares of nonresident stockholders and
to correct any mistakes that may be made
by resident stock holders. These shares of
stock are reported under the 9Th subsection
ofthe 9TH section of the act.
IL. Merchants pay their privilege tax to
the Clerk of the County Court. They also
return and pay their ad U0Lorem tax on
merchandise to the County Court Clerk.
They also return to the County Court Clerk
the amount and value of notes, due bills,
etc, mentioned in subsection of section z,
after deductions hereinafter to be specified,
which they own as merchants, and pay the
tax on these also to the County Court Clerk.
As individuals they return to the Assessor
and pay to the Collector.
10. In assessing, under section %, notes,
due bills, ect., therein mentioned all bona
tide debts of the tax payer insured IN con-
Quoting his regular business and pertaining
to the same business out of which arose the
notes. due bills, ETC., are to be deducted
from the valuation ofsaid notes, due bills,
Ig. The schedule of tax payer is not
complete without the oath. The oath pre-
scribes it, and know of no construction
evaded. Those who fail or refuse to take
the oath, subject themselves to assessment
by the Assessor ana the Renaltll5es RrescFi1p GRIP
the tax payer was required to "giVe in to the
Assessor a complete list of his property sub
Ject to taxation of every description, de-
scribing his land so as to identity 1t; and by
section 57S the tax payer, if he failed to give
in list, was to be assessed a double tax
upon the assessment of his property made
by the Assessor. By section 513 the tax pay
or was required to swear that his list con-
tanned IAN ana every Item OF MS ltXdDIe
property.
Under section % of the Act of the Chair
man or Judge of the County Court, the
Clerk of the County Court, the County Trus-
tee, Sheriff or Tax Collector shall cite any
person who has not been assessed as con-
templated by law, or who has been assessed
an Inadequate amount to appear before
them to be assessed according to law, and
such officeriS authorized to make proper
| assessment. Should it appear that said per
son did cOnniVe at or eVade q proper assess
ment, said officer shall correct the assess
\ ment and add fifty per cent. to the amount
90 Under section SO, all clerks and mas
| tiers, receivers and commissioners. are requlr-
| ed to make return of the property, moneys,
| credits and effects held by them in either of
| said capacities, separate from their indiyld-
ual returns. The agents and attorneys men
| toned in that section are the agents and at
4 torneys of nOn-residents of, or, absentees
| from the State,
| pensation to the Assessors additional to that
allowed by section IS, shall not prevent nor
| interfere,
The Assessors are not nor is the Comptroller
| responsible for the law. Their duty is to see
| to its enforcement in such manner as will pro-
mote the interests of the State, without doing
| injustice to any class of the people. 10 those
| who do not comprehend the requirements of
| the act, every admissible indulgence should
| be extended. Those who openly DEFY the law
| that they may continue to screen from taxation
| that portion of their wealth which has hereto
fore been invisible to the public eye and there
| by avoided the payment of its share of the eX-
| penses of the State, deserve no sympathy from
| their proportion of the taxes which go to the
JOIN G, BURcH.
Comptroller.