(1) Preheat oven to 350 degrees F.
(2) In a large bowl, cream butter and sugar until light and fluffy.
(3) Add eggs, one at a time, beating well after each addition.
(4) Combine flour, baking powder, salt, cinnamon and nutmeg; set aside. Combine applesauce and molasses.
(5) Add dry ingredients alternately with applesauce mixture to egg mixture. Fold in raisins and nuts.
(6) Pour into a greased 9X5X3 inch loaf pan.
(7) Bake at 350 degrees F for 1 hour, or until a toothpick inserted into the center comes out clean.

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These breads recipes are a collection of recipes that I have gathered over the years. If I can remember where I got the recipe from I will try and credit the source. Many origins of These breads recipes are unknown.