Merrie Companie Cake with Festive Frosting

Description
This recipe came from an estate sale. I obtained it when I purchased the family collection from the Mclean Estate in Irving, Texas in 1982.
 * Contributed by Catsrecipes Y-Group
 * an Original Old Swans Down Cake Recipe

Cake

 * 2¾ cup sifted cake flour
 * 2 teaspoons baking powder
 * 1½ teaspoons salt
 * 1¾ cup granulated sugar
 * 1 cup shortening
 * ¾ cup milk
 * ¾ teaspoon orange extract
 * ¾ teaspoon almond extract
 * 3 eggs
 * 1 egg yolk unbeaten

Festive frosting

 * 2 egg whites unbeaten
 * 1½ cups granulated sugar
 * 5 tablespoons water
 * 1½ teaspoons light corn syrup
 * ½ teaspoon vanilla

Cake

 * 1) Preheat oven to 375°F.
 * 2) Grease and lightly flour tube pan.
 * 3) Sift flour before measuring.
 * 4) Measure dry ingredients into sifter.
 * 5) Stir shortening in bowl just to soften then sift in dry ingredients then add milk and flavoring and mix until all flour is dampened.
 * 6) Beat for about 2 minutes at low speed then add eggs and yolk and beat 1 minute longer at low speed scraping down sides of bowl often.
 * 7) Turn batter into pan then bake at 375°F for 1 hour until done.
 * 8) Cool cake in pan for 15 minutes then loosen from sides of pain with spatula and turn right side up on rack to cool before frosting.

Festive frosting

 * 1) Combine egg whites, sugar, water and corn syrup in top of double boiler beating with a whisk until thoroughly mixed then place over rapidly boiling water beating constantly with whisk and cook 7 minutes.
 * 2) Remove from boiling water then add flavoring and beat until thick enough to spread.