Rod,
Yep, It was a simple very basic drawing to illustrate only. You're absolutely correct, as my 55 is wired as you say.
In each case, the actual 'second wire' is vehicle chassis ground.
In the case of the original question in this thread, with both guages at their 'top', there is probably a problem with power getting to the guages from the ignition switch; had it been only one problematic guage (especially the fuel guage), I would suspect the ground connection (engine temp. sender would be difficult to imagine having 'lost' its ground; but, fuel tank sending unit losing ground is quite common - either between the tank and chassis, or between the sending unit and tank itself).
Thanks, JLB
55 Ford Crown Victoria Steel Top