Season both sides of the roast with salt and pepper and set aside.
In a sauté pan melt 1 tablespoon butter and 1 tablespoon olive oil.
Add the onion slice, carrot pieces and bay leaves.
Sauté until the onion is browned.
Transfer the onions and carrots to a bowl and set aside.
Add the potato pieces to the sauté pan adding another tablespoon of olive oil if needed.
Sauté potatoes until lightly browned.
Transfer the potatoes to the bowl with the onions and carrots.
Brown the roast over high heat in the sauté pan, turning once to brown the opposite side.
Slightly brown the garlic in the hot pan for less than a minute.
Transfer the roast and garlic to a 5 quart dutch oven.
Add 1 cup of beef broth and bring to a boil to deglaze the pan, scraping the bits off the bottom.
Pour the liquid into the dutch oven over the meat.
Add the vegetables to the dutch oven.
Pour the remaining beef broth over the vegetables.
Cover and roast in a 325 degrees oven for 4 hours.
Remove the meat from the dutch oven to rest for 10 minutes.
Carve and serve.
To make a gravy
Strain the liquid from the dutch oven through a fine mesh strainer into a small sauce pan.
Mix 2 teaspoons cornstarch to 3 teaspoons cool water.
Bring the pan drippings to a boil then add the cornstarch mixture stirring until it comes to a boil and thickens. For a thicker gravy use 1 tablespoon cornstarch to 2 tablespoons water.