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In large mixing bowl, cream 1 cup butter and cream cheese until light and fluffy.
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Gradually add flour, beating until a ball forms.
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Divide dough into four portions.
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Roll each portion into a 12-inch circle.
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Melt the remaining butter.
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In a large bowl, combine the walnuts, 3/4 cup sugar, milk, vanilla, salt and melted butter.
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Spread over each circle.
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Cut each into 12 wedges.
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Roll up wedges, starting from the wide ends.
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Place on greased baking sheets.
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Curve ends to form crescents.
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Bake at 325 degrees for 35-40 minutes or until lightly browned.
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Remove to wire racks.
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Place remaining sugar in a large resealable plastic bag.
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Add warm cookies, a few at a time, and gently shake to coat.