1. Preheat oven to 350F.
2. In large bowl, mix sugar and butter.
3. Add eggs, pumpkin and water and mix well.
4. In a separate bowl, mix flour, baking soda, baking powder, salt, cinnamon, cloves, allspice, raisins and walnuts.
5. In dry ingredients make a well in middle and pour in egg and pumpkin mixture. Mix well.
6. Turn out into greased loaf pans.
7. Bake for 1 hour or until toothpick inserted in center comes out clean.
8. Let cool slightly before removing from pans.