Preheat oven to 375 degrees F (190 degrees C). Lightly butter a 9×9 inch glass baking pan.
In a large bowl, cream the butter and 1/2 cup sugar.
In a separate bowl, mix flour, salt and baking powder. Add to the creamed mixture alternately with the milk.
Spread mixture evenly into baking dish .
If using canned peaches, drain thoroughly, reserving the juice. Spoon fruit over batter.
Sprinkle with cinnamon and 1/4 cup sugar. Pour fruit juice or water over the top.
Bake at 375 degrees F (190 degrees C) for 45 to 55minutes. During baking the fruit and juice go to the bottom and the batter rises.
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