Preheat oven to 325.
Line baking sheet with parchment paper.
Combine flour, baking powder, salt.
In bowl with mixer at medium, beat butter with sugar until fluffy.
Beat in eggs, one at a time, and extracts.
Beat in flour mixture. Stir in cherries and nuts.
Shape into 2 logs. Place on baking sheets 3" apart.
Bake 40 minutes or until edges start to brown.
Remove from oven. Reduce heat to 250. Cool logs.
Transfer to cutting board. Using serrated knife,
cut logs into 1/2" diagonal slices.
Transfer to baking sheets cut side up.
Bake 15 minutes, turning once,
or until edges are golden. Cool on rack.