Preheat oven to 375° F.
Combine flour, baking soda and salt in small bowl. Beat butter, granulated sugar, brown sugar and vanilla extract in large mixer bowl until creamy. Add eggs, one at a time, beating well after each addition. Gradually beat in flour mixture. Stir in morsels and nuts. Drop by rounded tablespoon onto ungreased baking sheets.
Bake for 9 to 11 minutes or until golden brown. Cool on baking sheets for 2 minutes; remove to wire racks to cool completely.
Cole National Corporation owned several retail outlets that included Children’s Palace and Things Remembered along with optical departments in anchors like Sears and Montgomery Ward. Joseph Cole, the founder of CNC, and a seasoned shopping center retailer in his own right, most likely knew what he was doing when he decided to enter the cookie market in 1976 when he opened The Cookie Place in Youngstown, Ohio.
Soon thereafter he was contacted by two gentlemen looking for someone to help rescue them from their struggling cookie chain. Based on the success he had been seeing at his Youngstown store Mr. Cole purchased The Original Cookie Company in late 1977 and attained their 24 existing outlets.