1In a large pot, combine black beans with water to cover and soak overnight.
2Set pot over high heat and bring to boil. Reduce heat, cover and simmer until beans are very tender, about 1 hour. Drain, cool.
3Simmer cubed beef in water to cover until meat falls apart easily when flaked with fork, about 1 1/2 hours. Drain, reserving liquid. Cool beef slightly, then shred. Set aside.
4Melt bacon drippings in heavy flameproof 1 1/2-2 quart casserole over medium heat.
5Add onion and bell pepper and cook until softened, stirring occasionally, about 10 minutes.
6Add ground beef, crumble with fork and cook until lightly browned, about 3 minutes.
7Add shredded beef and remaining ingredients except cheese.
8Simmer 1 hour to blend flavors, stirring occasionally and adding water if mixture is too dry.
9Serve chili in bowls. Pass cheese.
As with any chili, the more it is reheated the better it gets.