The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
James Nesmith James Nesmith James Willis Nesmith (July 23, 1820 – June 17, 1885) was an American politician and lawyer from Oregon. Born in New Brunswick to American parents, he grew up in New Hampshire and Maine. A Democrat, he moved to Oregon Country in 1843 where he entered politics as a judge, a legislator in the Provisional Government of Oregon, a United States Marshal, and after statehood a United States Senator and Representative. Nesmith’s grandson, Clifton N. McArthur, and son-in-law, Levi Ankeny, both later served in Congress. James Nesmith was born in what is now the Canadian province of New Brunswick