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This in no way hinders the use or function of the seat
The spool is 2
Built on a Sharpe's taper
The rod is described in the 1931 William Mills catalog as follows
Many of the silks have been re-wrapped and there has been a varnish overcoat applied at some time in its life
HL Leonard Model 50-4 Bamboo Fly Rod 8' 3/2 #4 8'1" This in no way hindersA nice H. L. Leonard 50 4 bamboo fly rod, 8', 3 piece, 2 tip, and built for a #4 line. 4 oz. Definitely not a D. F. rod, much more of a semi full flexing action. The varnish and wraps are in good condition. A tiny bit of cosmetic casting cracks at the ferrule wraps. The Perfection style stripper would date it to the 1950s. There is some grooving to one side of the snake guide (from a silk line) yet the ferrule fits are tight and the rod is straight.
