Tennessee Pumpkin Bread

1 ⅔ cup shifted flour
¼ teaspooon baking powder
1 teaspoon baking soda
¾ teaspoon salt
½ teaspoon cinnamon
½ teaspoon nutmeg
⅓ cup shortening
1 ⅓ cup sugar
½ teaspoon vanilla
2 eggs
1 cup canned pumpkin
⅓ cup water
½ cup chopped nuts

Grease loaf pan (9x5x3 inches.)
Sift together dry ingredients. Cream shortening, sugar and vanilla. Add one egg at a time, beating thoroughly after each addition. Stir in pumpkin. Add dry ingredients alternately with water. Beat just until smooth. Do not overbeat. Fold in nuts. Bake 350 degree oven for 45 minutes.