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It appears to be Bob Summer's handwriting on shaft
"The Leonard Mills Reel" and "Ron Kusse
gilt title and decoration on the spine
The rod is equipped with black delrin ferrule plugs with nice thread loops
Serial #3242
Leonard 50.5 Fly Rod 8'6" 3/2 #4/5 8'6" It appears to be BobAn 8'6" Leonard 50 1 2 3pc 2t #4 5 line. A pre 1927 rod with a high quality modern refinish. Wrapped yellow with black edges. Butternut slide band seat. Cap stamped "The H. L. Leonard Rod, Leonard & Mills Co., Makers". The ferrules are sound and fit well. Agate stripper. One wet tip and one dry (possible replacement?). Nice rod for a fan of medium slow actions. Replacement bag. Brass topped aluminum tube.
