The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1874-05-20
ABBEVILLE s. G, WEDNESDAY, MAY TO-
manufactured articles on hand one

manufactured articles on hand or
year or more. -. -,
18th. The value Of money, inclut
ling bank bills and circulating note
= 18th. The value Of al credits. -
18th. The value of Investments !
the stocks of any company or col
|poration out Of this State, excep
national banks. i ~ ,15 S ST
10th. The value Of all investment
lin bonds, except bonds Of the Unite
States and this State, expressly eS
tempted from taxation. =
17th. The value of all other prop
erty. ="if ..'. ."'j Hr -,
Sec. II. Any person who shall, q
any place in this State, be engaged il
the business of buying and selling
personal property, or in selling per
sonal property consigned to him from
any place out Of the State, or prop
erty not the product of this State
consigned to him from any place
within this State, shall be held to b.
a merchant: and at the same time hi
is required to list his other persona
property, shall deliver to the auditor
Of the county in which his place O
business is situated, q statement, un
der his oath, of the average monthly
value of tho personal property, mon
eys and credits pertaining to his mer
camille business; to ascertain which
he shall set down the value on hand
on the first day of July Of the preced
ling year, or other time Of commenc
ing business during the year, add
thereto all purchases, when made al
cost, ascertain the average value on
hand for the month, deduct the aver
age amount Of sales for the month
at cost, and tho remainder shall be
the average on hand for that month
and, in like manner, ascertain the
average value for each month, dowr
to the first day Of July of the year If
which the return is to be made, ade
together such monthly values, divide
the aggregate by the preceding year
as aforesaid, and to the quotient ado
the moneys and credits on hand TIM
first day of July of the year in which
the return is made, and the .produc,
of this last addition shall be the same
upon which he shall pay taxes fol
the year in which the return il
made. e.. .a .,,,., III H.
Sec. IL. Every person engaged in
making, fabricating or changing
things into new forms for use, or in
refining or combining different mate.
rials for use, shall be held to be q
manufacturer, and shall, at the same
time he is required to list his other
property, make and deliver to the
auditor of the county in which his
place of business is situated, state
ment of the average value, estimated
as provided in the preceding section,
of all articles purchased, received, or
otherwise held for the purpose OF
being used by him in his business, at
any time during the year preceding
the first day Of July of the year in
which the return is made; and he
shall also list, at their full value, all
machinery, tools, implements, fixtures
and engines, used, or purchased for
use, in his business, (except such as
have been appraised for taxation as
part of the realty) together with all
articles which have
been on hand and remained unsold
for one year or more prior to the first
of July of the year in which the re-
turn is made, also all the moneys and
credits petainlng to said business, on
hand on said first day Of July: Pro
vided that all materials provided for
use in said business shall be estimated
as on hand until sold, or remain on
hand in a manufactured State for one
year.
Sec. 13. The road bed, right Of way,
station buildings, toll houses, struc-
lures, tools, machinery, poles, wires,
fixtures, vessels and real estate,
owned and necessarily IN daily use
by any railroad, turnpike, plank
road, bridge, telegraph, canal. or slack
water navigation company, in the
prosecution of its business, shall, for
the purposes of this act, if the COM
pany be organized in this State, be
held to be personal property, and the
secretary, or principal ac-
counting officer thereof, shall include
the value thereof in the return Of the
other personal assets Of such com.
pany for taxation; which return shall
be made in the month of July, OF
before the 10th Of August, annually
to the several auditors ofthe counties
in which such road, canal, bridge
telegraph line, or slack water naviga
ton company may be situate, accord
ing to the value of such property ir
each, together with a statement o
the amount of such assets situate il
each city, town, village or ward il
said counties, respectively; and tn
value of the movable assets Of sucl
company shall be apportioned to eacl
town, city, ward or village, in pro
portion to the value Of the road bed
canal, slack water navigation, bridg
or telegraph line in each.
Sec. 4. The president and secretar.
of every railroad company who's
track or road bed, or bed, OF an.
part thereof, is in this State, shall an
nually, between the first of July AM
twentieth OF August, return 10 tn
comptroller general, under their oaths
the total length thereof in each coun
ty, city, town and incorporated vii
lage of this State, the total length o
ali their double track in this State