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Heat applesauce in large saucepan. Add lard. Stir until melted. Add raisins and baking soda. Cool slightly. Add flour, salt and spices. Mix well. Fold in nut meats. Pour into a greased large loaf pan. Bake at 350 degrees F for 45 minutes to 1 hour. Cool and frost with Caramel Frosting.
Caramel Frosting
1 cup firmly packed brown sugar
1/4 cup butter
1/4 cup milk
1 cup confectioners' sugar
1 teaspoon vanilla extract
Boil brown sugar, butter and milk for 3 minutes ( I do this in the Microwave) and let cool until just warm.
Add confectioners' sugar and vanilla extract. Beat until smooth and right consistency. If too stiff you can add a little milk.