Depends
Hourmeters are generally powered chronographs that measure time (hours) when they are powered-up and running. Whenever they are not powered up and running, they remain frozen in time sort of speak. There are some hourmeters that are always powered up via an internal button battery. They will continually display a digital readout on an LCD display. They work on sensing vibration. Whenever the engine is on, they are counting up hours. The good thing about these hourmeters are that they are cheap, easy to mount, requires no wires to hookup and are disposable when the need arises.The type I believe you have is the kind that requires a power source. Generally 12 volt system power. The grounding terminal should be run through a switchable source such as an ignition ground or oil switch (if it is normally open type) which generally most are. Most of the time, the altenator is connected to the oil pressure switch which serves as a switch to sink altenator Field or Relay signals. This keeps the altenator 'turned off' when the engine is being cranked over. Otherwise the altenator would saturate its stator windings and lock up the starter motor from freely turning the engine over.So my guess it to look over the hourmeter or refer to the data sheet and connect a power source to it. Run the other wire (ground lead) to a place in the system that can switch ground to it (and thus 'turn on' & run the hourmeter). A good place would be the ignition switch. Most have a terminal that is dedicated to sinking current when the key is in the run position. This of course isn't as precise as having the meter sunk through an engine run device such as the oil pressure switch, because only then will you be assured that the engine hours are being logged accurately.Good luckTom