Michael Nesmith inheritance from his mother's Liquid Paper fortune in 1980 eased those concerns. In a 1980 interview with "Playboy", he said of that time: "I had to start telling little tales to the tax man while they were putting tags on the furniture." While Nesmith had continued to produce his compositions with the Monkees, he withheld many of the songs from the final Monkees albums, only to release them on his post-Monkees solo records. Nesmith did not participate in the Monkees' 20th-anniversary reunion. However, he did appear during an encore with the other three members at the Greek Theatre on September
Michael Nesmith to put together a band. Nesmith said he would be interested only if noted pedal steel player Orville "Red" Rhodes was part of the project; Nesmith's musical partnership with Rhodes continued until Rhodes's death in 1995. The new band was christened Michael Nesmith and the First National Band and went on to record three albums for RCA Records in 1970. Nesmith has been considered one of the pioneers of country rock. He also had moderate commercial success with the First National Band. Their second single, "Joanne," hit No. 21 on the Billboard chart, No. 17 on Cashbox, and No.4 in