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 them. His purchase being made soon after the formation of the Merrimack Manufacturing Company, he sold the property to good advantage. While carrying on these varied and arduous undertakings Mr. Nesmith still found time to devote to mechanical study and experiment. Several of his discoveries and inventions were of great importance and value—among others the well-known machines for making wire fence and shawl fringe. Though naturally averse to mingling in politics, and never stooping to the acts by which popularity is often won, he was elected to various offices in the city government of Lowell, where his sound practical sense