1. Preheat oven to 250°F.
2. Melt butter, sugar and pepper seasonings in a pot, mixture will be thick. Remove from heat. Add rum, mixing well to thin consistency. Using a wooden spoon, add walnuts, stirring until all walnuts are thoroughly coated with mixture. Spread walnuts onto ungreased cookie sheet.
3. Bake for 30 minutes. Remove from oven and cool.