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Wallace Hyde, the Democrats' big guy, dies

Wallace Hyde, a Raleigh businessman, who a major Democratic Party fund raiser for decades died Monday after a long illness. He was 89.

Hyde was a major fund raiser such Tar Heel Democrats as Jim Hunt and John Edwards, and for such national Democrats as Jimmy Carter, Walter Mondale and Al Gore.

He was such an insider that he watched the 1984 convention from inside Mondale's San Francisco hotel room. But the cigar-smoking Hyde was particularly close to Gore, who helped arrange for his wife, Jeanette to be named U.S. Ambassador to Barbados.

Young raises money in Raleigh

David Young, a Democratic candidate for treasurer, raised more than $60,000 at fundraiser Wednesday at the home of former Ambassador Jeanette and Wallace Hyde in Raleigh.

Among those who attended were Wake County Commissioner Betty Lou Ward, philanthropist Ann Goodnight; Blue Cross/Blue Shield CEO Bob Greczyn; former Lt. Gov. Bob Jordan; former Glaxo chairman Charlie Sanders; former state Democratic chair Wayne McDevitt; former Texas oilman Walter Davis, and Raleigh real estate executives Steve Stroud and Roddy Jones.

Young, a Buncombe County commissioner, raised the money in the home town of two his opponents — Raleigh attorney Michael Weisel and state Sen. Janet Cowell. They are seeking to succeed incumbent Richard Moore, who is running for governor.

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