Scald milk, add cold water.
When milk and water are lukewarm stir in 1 teaspoon sugar and sprinkle yeast on top.
After 10 minutes, stir, and add sugar, salt, shortening and egg.
Pour into flour and stir until liquid disappears.
By hand, mix dough in bowl to a ball.
Knead on greased board until smooth, about 5 minutes.
Place in greased bowl.
Cover and let rise until doubled.
Divide dough in half and let rest 15 minutes.
Cut each half in 16 pieces and form into balls.
Space evenly in 2 well-greased 8-inch-square pans.
Cover with greased waxed paper and let rise until doubled.
Bake at 275F for 40 minutes.
Remove from pans and cool on wire racks.
When cold, wrap securely.
To brown 'n serve, heat in hot oven, 450F for about 7 minutes.