1. Preheat oven to 350 degrees F (175 degrees C). Spray 9 or 10
inch Bundt pan lightly with cooking spray and dust with flour.
2. In a medium bowl, combine flour, baking soda, salt, cinnamon,
and allspice.
3. In a large mixing bowl, cream 1/2 cup butter, white sugar,
and 3/4 cup brown sugar. Mix in eggs, 1/3 cup rum, and vanilla. Mix
in flour mixture in three additions alternately with applesauce,
ending with flour. Stir in dried cranberries. Spoon batter into
prepared pan.
4. Bake in preheated oven for 45 to 55 minutes, or until a
toothpick inserted into the cake comes out clean. Cool cake in pan
for 15 minutes, remove from pan, and cool completely on a wire
rack.
5. In a small saucepan, melt 3 tablespoons butter. Stir in 1/4
cup brown sugar, confectioners' sugar, and 2 tablespoons rum. Heat
until smooth; if mixture is too thick, add water and maybe a little
more rum. Drip glaze over cooled cake.