Beat the egg well.
Sift the dry ingredients tegether several times.
Cream the butter and add with the molasses and applesauce to the egg. Mix well. Add the sifted dry ingredients. Combine the fruits and nuts and add alternately with the preserves, beating well after each addition.
Line a tube pan with waxed paper. Pour the batter into the pan and bake for 1½ hours in a preheated 275° oven.