Pour boiling water over peaches; let stand until skins slip off easily when dipped into cold water. Peel.
Stick a clove in each peach. Pour on 2 qts. water with the 2 tblsp. vinegar added.
Combine sugar, 1½ c. vinegar and ¾ c. water. Add ginger, remaining cloves and cinnamon, tied in cheesecloth bag. Bring to a boil; add drained peaches; cover, boil unt