Combine oil and sugar, blending well. Add eggs, apples and nuts. Sift together flour, salt, soda, and cinnamon. Add to wet ingredients. Mix well, Add vanilla. Pour batter into a greased and floured tube or bundt pan. Bake in a preheated 350 degree oven for 1 hour and 15 minutes.
Glaze: In saucepan melt butter and add sugar. Bring to a boil and cook for 2 1/2 minutes. Add milk and mix well. Pour mixture over hot cake in pan. Let stand for 2 hours before removing cake from pan.