Couldn't find any .38-55 gallery loads in Waters' book but the Hogdon powder catalog/reloading manual I have shows two low velocity loads for the .38-55 under "long range rifle match," a "Cowboy Action Shooting" event"
250 grain cast bullet, 6 gr. Trail Boss @842 fps
250 grain cast bullet, 7 gr. Trail Boss @911 fps
Those should be quite quiet, and have low penetration.