S&W smith David Chicoine recommends not shooting smokeless in guns earlier than the 1907-1909 era. Sorry, I don't have the book with me to see what model yours is.
That said, .38 S&W is not now loaded any hotter now than it ever was and a few will not blow up an antique. At least they haven't mine.
The 1880s .38s are very handy little guns, the then equivalent of a Chief's Special. They are a lot more packable than a big old horse killing .45.
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