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.
John Nesmith and farsighted men of affairs. John Nesmith became interested in the manufacture of blankets, flannels, printing cloths, sheetings and other textile fabrics and that became eventually his principal vocation. He became agent or part owner in mills in Lowell, Dracut, Chelmsford, Hooksct and other places, and managed those enterprises with almost unvarying and uninterrupted success. He was also a large stockholder in the Merrimack Woolen Mills Company. Appreciating more than any other man the natural advantages of the water powers which have made Lowell what she is, he bethought himself of securing the supply of water in Winnepesaukee and Squam