This was a most favorite recipe 40 years ago...my family loved it! I just found the hand-written recipe tonight. I always doubled the ingredients because my family loved it so much. If you double it, you will need a large pot to cook this in. I always used a black iron dutch oven (pot). It will serve 8 - 10.
Trim excess fat from steak; cut into 1 inch cubes. Combine flour, thyme, salt and pepper; dredge meat in flour mixture. Heat butter and oil in Dutch Oven; add meat and cook until browned on all sides. Remove meat, reserving drippings in Dutch Oven. Add onions and green pepper to reserved drippings; saute until tender. Stir in meat and remaining ingredients, except rice. Cover and simmer 1 &1/2 hours. Serve over rice.