Preheat oven to 350 °.
Grease and flour a 10" tube pan.
Cream together butter and sugar until light and fluffy.
Add eggs individually, beating well after each one.
Mix together flour, soda and salt.
Add flour mixture to the creamed mixture alternately with sour cream, beginning and ending with flour.
Gently fold in chopped peaches and extracts.
Pour into prepared cake pan.
Sprinkle with 1 tablespoon sugar if desired.
Bake for 60-70 minutes 'til golden brown and cake tests done in the center.
Cool until cake is still warm, about 30 minutes.
Gently loosen the sides, edges and around the center tube with a sharp knife before turning out of the pan.
Garnish with whipped cream if desired.