1. In a medium sized saucepan, combine the sugar, raisins and water, and bring to a boil. Boil for 5 minutes. (Note, you may substitute 3/4 cup light brown sugar and 3/4 cup granulated sugar; you may also substitute 1 cup of water and 1/3 cup light rum).
2. Meanwhile, while the raisin mixture is boiling, add 1/4 cup short- ening.
3. In a large mixing bowl, combine flour, spices, soda and powder.
Mix well, and add the holiday fruit and nuts.
4. In a small bowl, beat the eggs well. When the raisin mixture has boiled for 5 minutes, Quickly add the egg mixture to the raisin mixture and then Quickly add all to the flour mixture and blend well.
5. Pour into a lightly greased tube pan and bake at 300F for 1 1/2 hours.
6. Cool completely.
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