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Combine ? cup sugar and eggs in a large mixing bowl. beat with an electric mixer at medium speed, scraping bowl often, 2-3 minutes or until thick and pale yellow in color. Add oil, OJ, orange peel and vanilla, beat 1-2 minutes or until well mixed. Combine flour, walnuts, baking powder and salt, gradually add to egg mixture. Mix on low speed 1-2 minutes or until well mixed. Stir in cherries by hand.
Turn dough onto lightly floured surface (dough will be soft and sticky). Lightly sprinkle with additional flour, knead flour into dough. With floured hands, shape into 2 (8x2?) logs. Place 3-4 inches apart on a greased baking sheet, flatten tops slightly. Combine egg white and water, brush logs. Sprinkle with granulated sugar.
Bake in a preheated 350 oven 25-30 minutes, or until light brown and firm to the touch. Let cool on baking sheet 15 minutes.
Reduce oven temp to 300. Cut logs diagonally into ?? slices with a serrated knife; arrange slices, cut side down on a baking sheet. Bake 8-10 minutes, turn slices. Bake 8-10 minutes or until golden brown. Remove to wire rack, let cool completely.
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