Bette Nesmith Graham for USD $47.5 million in 1979. At the time, her company employed 200 people and made 25 million bottles of Liquid Paper per year. Bette Nesmith died on May 12, 1980, at the age of 56, in Richardson, Texas. From the start, Graham ran her company with a unique combination of spirituality, egalitarianism, and pragmatism. Raised a Methodist, Graham converted to Christian Science in 1942, and this faith inspired the development of her corporate "Statement of Policy". Part-code of ethics, part-business philosophy, it covered everything from her belief in a "Supreme Being" to a focus on decentralized decision making and
Michael Nesmith Canada, with the follow-up "Silver Moon" making No. 42 Billboard, No. 28 Cashbox, and No. 13 in Canada. Two more singles charted ("Nevada Fighter" made No. 70 Billboard/No. 73 Cashbox/No.67 Can., and "Propinquity" reached No. 95 Cashbox), and the first two LPs charted in the lower regions of the Billboard album chart. No clear answer has ever been given for the band's breakup. Nesmith followed up with The Second National Band, a band that, besides Nesmith, consisted of Michael Cohen (keyboards and Moog), Johnny Meeks (of The Strangers) (bass), jazzer Jack Ranelli (drums), and Orville Rhodes (pedal steel), as well