Since the 3 things you mentioned are far from stock, it's hard to tell what someone did with the wiring. Best to look at the schematic above and get some idea how the ammeter and terminal box are wired into the circuit.
But to answer your question, YES, there needs to be more than just the one wire on the terminal, or you won't have a circuit.
Basically the generator wire goes to one terminal, then a wire from that terminal goes to the ammeter. Then another wire from the other ammeter stud goes to the other terminal box stud, and another wire from that stud leads to the starter switch and battery.