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1. Allow butter and eggs to stand at room temperature for 30 minutes. Preheat oven to 350F. Grease and lightly flour twelve 4-inch individual fluted tube pans or one 10-inch fluted tube pan; set aside.
2. In a medium bowl, stir together the 2-1/4 cups flour, the baking powder, and nutmeg; set aside. In a small bowl, toss together candied fruits and peels, raisins, pecans, and the 2 tablespoons flour; set aside.
3. In a large bowl, beat butter with an electric mixer on medium to high speed for 30 seconds. Gradually add sugar, beating until light and fluffy. Add eggs, one at a time, beating for 1 minute after each addition.
4. Alternately add flour mixture and eggnog to butter mixture, beating on low speed just until combined after each addition. (Do not over beat.) Stir in 1/4 cup of the rum or orange juice mixture. Fold in fruit mixture. Pour batter into prepared pans.
5. Bake until a long wooden toothpick inserted near center(s) comes out clean. Allow about 30 minutes for the 4-inch pans or 55 to 60 minutes for the 10-inch pan. Cool in pan(s) on wire rack(s) for 15 minutes. Remove from pan(s); cool on wire rack(s).
6. Using a toothpick, poke holes all over each cake. Soak double-thick square(s) of 100 percent-cotton cheesecloth in the remaining rum or orange juice mixture, using 1 cup total of the mixture for 4-inch cakes or 1/2 cup of the mixture for the 10-inch cake. Chill remaining rum or juice mixture. Wrap cakes in moistened cheesecloth. Place in resealable plastic bag(s).
7. Store in the refrigerator for up to 2 days to mellow flavors, drizzling with 1/4 cup of the rum or the juice mixture after the first day.
8. To serve, remove cheesecloth and drizzle cake(s) with Eggnog Glaze; let dry. If desired, garnish with fresh fruit. Makes 24 to 30 servings.
1. In a small bowl, stir together powdered sugar, 1 tablespoon dairy eggnog, light-colored corn syrup, and light rum or rum extract. Stir in enough additional eggnog, 1 teaspoon at a time, to make a glaze of drizzling consistency.