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 single "Joanne" which received some airplay and was a moderate chart hit for seven weeks during 1970, rising to number 21 on the Billboard Top 40. The First National Band has been credited with being among the pioneers of country-rock music. As he prepared for his exit from The Monkees in 1970, Nesmith was approached by John Ware of The Corvettes, a band that featured Nesmith's friend John London, who played on some of the earliest pre-Monkees Nesmith 45s as well as numerous Monkees sessions, and had 45s produced by Nesmith for the Dot label in 1969. Ware wanted Nesmith