Cheese Grits With Morel Ragout

Name: Cheese Grits With Morel Ragout
Ingredients: 2 cups dried morels (2 ounces); 2 1/2 cups boiling water; 3 slices of bacon; 2 tablespoons unsalted butter, softened; 1 large leek, white and tender green parts only, halved lengthwise and thinly sliced crosswise; 1 garlic clove, minced; 1 tablespoon all-purpose flour; 3 scallions, finely chopped; Salt and freshly ground pepper; 6 1/2 cups water; 1 1/2 cups stone-ground, whole-grain grits (see Note); Salt; 1/2 cup milk; 1 tablespoon unsalted butter; Freshly ground pepper; 1 1/2 cups grated extra-sharp Cheddar cheese (4 ounces)