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Preheat oven to 375*.
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Melt molasses and butter in saucepan, over low heat.
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Pour into large bowl and cool to room temperature.
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Combine dry ingredients in a medium bowl. Set aside.
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Stir egg into cooled molasses mixture.
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Stir dry ingredients into molasses mixture. The batter will be stiff.
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Divide dough in half. On waxed paper shape each dough half into a 1 1/2" square log, about 5 1/2" long. Wrap and freeze 30 minutes or until firm enough to slice.
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Slice logs into 1/8 inch slices. Bake 1 inch apart on ungreased cookie sheets. Prick each several times with a fork.
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Bake for 8 to 10 minutes or until edges are firm and lightly browned.
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Transfer to wire racks. Cool completely. Sprinkle with powdered sugar.