Mart, I believe you are contradicting yourself. If the finish is of a modern type, won't the Old English, being an oil type finish, just sit on top, dull it, and attract dust?
Wax is a polish used to add a thin protective layer above and beyond whatever finish is on an object. Cars with a clear coat are waxed. The clear coat is a modern finish. A dull polyurethane surface, when properly waxed, will brighten up and stay that way until the wax wears off or air qualities degrade it.
I do not understand your views on using paste wax, properly applied, to any modern finish.