Shoot it only if you reload and cast. Lead bullets and Black Powder only. And that only after a gunsmith certifies that it is safe. All this is assuming that it is a center fire, if it's a rimfire there is really no option to shoot it.
Given that it is most likely chambered for .32 rim fire it is unlikely you will be able to fire it... but even if you could, I would not suggest doing so... the gun is doubtless well over 100 years old and designed for black powder...
This appears to be a Model 1 1/2, 32 (centerfire). Have it looked at by a qualified gunsmith, and if he agrees fire it using "cowboy" loads, which are very mild. Make sure they are 32 S&W, not 32 S&W long which are too powerful.
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