Add all to warm milk and water in order given. Add enough flour to make of kneading consistency. Knead until smooth. Let rise - covered. Punch down with knife. Let rise again. Roll out, cut with round cutter. Load knife with butter and fold circle of dough over knife. Place in greased pan giving them room to grow. Let rise again. Bake at 350 degrees for about 20 minutes.
Remove from oven and rub butter over the tops of the rolls.