Dredge beef in flour & then, in a medium stockpot, brown beef on all sides in shortening. Add salt, pepper, water, onion, paprika, garlic, Worcestershire sauce & bay leaves. Bring to a boil, cover & simmer for 2 hours or until meat is tender.
Add carrots & potatoes & simmer for 45 minutes or until tender.
Remove bay leaves & meat from stew, add 1 tablespoon flour or cornstarch & mix, in order to thicken the stew. After mixing let sit for a few minutes to thicken, if not to desired thickness add more flour or cornstarch & repeat.
Once thickened return meat & add corn to stew, heat through & serve.