Sift flour with soda, spices and salt.
Combine nuts and raisins in bowl; stir in 1/2 cup of flour mixture.
Cream butter and sugar in another bowl until light and fluffy.
Beat in eggs one at a time, beating thoroughly after each.
Alternately add flour mixture and applesauce, beginning and ending with flour mixture.
Stir in raisin mixture. Spoon into greased, floured 1-inch tube pan.
Bake in preheated 35 degree oven 1 hour, 2 minutes, or until cake tester inserted in center comes out clean.
Cool in pan 15 minutes; remove and finish cooling on wire rack.
Spread with frosting.
Cover until ready to serve. Cake keeps well and is delicious several days after baking.
Frosting: Stir together butter and cream; beat in 1 cup of the sugar.
Blend in rest of sugar and the bourbon until mixture will spread easily.
Frosts a 1-inch tube cake.
Serves 8 to 1
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