My grandmother was given this recipe about 30 something years ago by a friend. There is a story behind how she ended up with it too. See, the friend was in New Orleans at a fancy restaurant and had this cake for dessert. She liked it so much that she wanted the recipe for it and asked if she could buy it. They said sure and gave her the recipe, but what she didn't know until she had the recipe in hand and got her bill was that it cost her $500 for it. They didn't tell her it was going to cost that much and she was shocked, so she decided that if they were going to charge that much for the recipe she was going to give it to anyone that asked her for it and she did.
BTW, this is not a cream cheese icing, but it's really good (or at least I think so). Enjoy!
Red Velvet Cake
½- cup shortening
1½- cup sugar
2- tbsp cocoa
2-1oz bottles red food coloring
2½-cups reg. flour (sifted)
Cream shortening, sugar & eggs. Mix cocoa & food coloring and add to creamed mixture. Sift flour and salt 3 to 4 times. Add flour alternately with buttermilk to mixture then add vanilla. Dissolve soda & vinegar. Fold in to mixture. Bake in 2 9” pans at 350 degrees for 30 – 35 minutes. Cool.
½ -cup butter
½ -cup Crisco
1-cup sugar (Powdered or granulated)
Cook milk and flour until thick. Let cool (a piece of advice here, place saran wrap over the mixture, so a skin won't form on the top and make it lumpy when it's mixed with the other ingredants and start making the cake. Make the rest of the icing while the cake is cooling). In another bowl mix the butter, Crisco, sugar & vanilla. Beat until creamy. Add the cooled mixture and beat until creamy.