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Cut meat into small, bite-size (1/2") pieces.
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In a large pot or dutch oven, saute meat in 1 T oil on medium-high heat until all sides are brown. Set aside on a plate.
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Chop celery, onion, potatoes, and carrots into bite-size pieces. Saute celery and onion in remaining 1 T oil until onion is golden (about 10 minutes).
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Add browned beef, water, broth, tomatoes with juices, carrots, potatoes, corn, bay leaves and garlic. Bring to a boil.
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Reduce heat and simmer uncovered until beef is almost tender, about an hour.
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Add peas and hot sauce to soup.
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Cover and simmer until beef is tender, about 30 minutes longer.
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Serve and season with freshly ground black pepper, hot sauce, or crumbled saltines, if desired.