It says this:
Preparing Plugins...Ok (Loaded: 0)
Application NOT Verified!, Searching Relative Paths...Failed
The Terraria Executable was not located!
Is it in this directory?
I downloaded TDCM and put it in my Terraria folder, then renamed TDCM to Terraria (My computer doesn't use file extensions, but it recognized it as terraria.exe) and Terraria to Terraria1.