In 1857, he offered to purchase The Illustrated London News from Herbert Ingram. His approach was rejected, and he set up The Illustrated News of the World in competition. This proved to be an ill-timed investment which resulted in his bankruptcy in 1861, and by 1875 he was reduced to mortgaging his furniture.
He traded under various names including L Tallis, Tallis and Co, John Tallis & Company, and later the London Printing and Publishing Company which also published many decorative steel engraved views and portraits featuring Tallis’s trademark decorative borders.
Tallis was born in Stourbridge, Worcestershire in 1817, and moved to London in about 1841.