I thought you didn't have methylated spirits in the USA ?
Anyway, UK (and AFAIK, everywhere) methylated spirits is a mixture of four things - ethanol, methanol (about 1/3rd), purple dye and pyridine (a stenching agent).
Purple dye will colour blonde shellac, but it's not too hard to find undyed meths..
Pyridine stinks. I know methanol is a hazard, but it's actually the pyridine that I find the most offensive part of working with meths. Supposedly there have been pyridine-free meths blends, but AFAIK they're not available in the UK at all these days. Given the toxicity of meths and the risk of not having it "marked" in such a way, then I can believe this. OTOH, pure methanol is easily available unstenched.
When I can get hold of it (friends in the lab trade) I use pure lab-grade ethanol. This is safer because of not having the methanol in it, and it's much more pleasant to use as there's no pyridine. However the paperwork to get it is frightening, and the suppliers don't regard wood finishing as a suitable cause for supplying it.