That $read just confirms your file.txt has a line beginning with "226" and if so, it tells the channel the upload was successful. Do you want to message the channel with every line starting with "ftp> put" so they can see the files it has uploaded?

"myCheckingAlias" is just the name you can give to an alias that will check if a file exists, and this alias will be called by your timer every 5 minuts (300 secs). For example -
  • alias myCheckingAlias {
    if $isfile(c:\file.txt) { msg #chan file exists }
    else msg #chan file doesn't exist
    }