Yep. That's what Lou and Jack said. And with just a single proof load!

Jack O'Connor, Outdoor Life, 1942
A good many people resent being told that their much loved old guns were no longer safe. Just for the fun of it, Lou Smith (President of Ithaca Gun Co.) proofed [sic] (using 17,500 psi Proof Loads in 1942) a dozen or so damascus and twist beauties which were lying around the plant. Here's the dope: Most of the old timers busted loose with the first proof shell. The rest did with the second. Guns tried were cheap, medium priced and expensive: but all of them went. So if anyone wants to go ahead using modern smokeless stuff in a gun built for black powder, he can; but he can include me out.
Reviewing the findings Lou writes: "These birds who persist in using smokeless powder in twist and damascus barrels remind me of the guy who made a living by sticking his head in the lion's mouth at the circus. He got away with it for a long time; then one day he didn't!"

1897 "Bored For Black And Nitro Powders"



Wow! What were they thinkin'?!? smile
The earliest I've seen is a 1909. Anyone with an earlier gun so marked?