How to hack a walkie-talkie to light up LEDs when it receives a signal
Longish comment:
The circuit in the first schematic won't work: none of the transistor pins is connected to a supply, so it will just connect the capacitors together, but without any appreciable effect. Also, with one wire only you are not picking any signal.
Also, instead of randomly pick wires from the speaker, if you have a multimeter you'd better measure the signals (set for AC) to understand where you get the signal; and connect the ground of the speaker to the ground of your circuit, otherwise you'll pick up only noise.
In the circuit you hooked up, the collector seems to be connected to the supply (+5), but it's quite hard to read: could you make a schematic of your connection? There are several tools available, but if you use Falstad, you can also try to simulate it and have an idea about if it can work.
Update:
Neither this circuit is likely to work: you have a too small drop over the base-emitter junction of the transistor. The most common configuration is the common emitter, where you place the speaker (eventually with a resistance to provide the right biasing current) to the base-emitter junction of the transistor, and then the LED with a limiting resistor between the 5V supply and the collector.
Something like this may work:

You have to set the right base resistor depending on the voltage of the speaker and the sensitivity that you want for the blinker. You may also use a potentiometer, to set it dinamically, but be sure to check the maximum ratings for the transistor.