PREPARATION:
- Rinse dried beans thoroughly in colander under cold running water, picking out any debris or blemished beans.
- Cover beans with 6 cups of water. Soak overnight.
- Drain beans, discarding soaking water. Combine beans, remaining 4 cups water, onion, carrots, chili powder, cumin, bay leaf and salt in 5-quart Dutch oven. Bring to a boil over high heat. Reduce heat to medium-low; simmer, uncovered, 1-1/2 hours, stirring occasionally.
- Remove bay leaf. Stir jalapeño pepper, tomatoes and tomato paste into bean mixture. Bring to a boil over high heat. Reduce heat to medium-low; simmer, uncovered, 15 minutes, stirring occasionally. Season with salt to taste.
- Ladle chili over mounds of cooked rice in bowls. Serve with shredded cheddar cheese, sour cream and diced onion, if desired. Garnish, if desired.
