Old Fashioned (muddled)

By 1915 or so, even the Old-Fashioned had begun changing; this is the version most people know today. Be very conservative with the water at the end.

2 ounces Bourbon
3 Dashes Angostura Bitters
1 Tsp. bar sugar
2 orange slices
2 maraschino cherries
splash water or soda

Muddle carefully in the bottom of an old fashioned glass the sugar, Angostura, one orange, one cherry, and a splash of soda. Remove the orange rind and add Bourbon, ice, and soda or water. Garnish with a fresh orange slice and a cherry.