Switched jacks have two moving contacts, just push a plug in and you'll see them move and open two contacts. These moving contacts need to connect to the speaker. Then the wires from the Peavey power amp go to the other contacts on the socket. This gives you a "normalised" socket like on a patchbay, the speaker is connected until a plug is inserted.
I'd do a diagram of this but it's rather tricky to draw!
I'll probably get panned by someone for recommending Maplin but you can get these if there's a shop near you
http://www.maplin.co.uk/1-4-mono-socket-withchrome-bezel-1263The good thing with those is they're easy to work with when you do switching jacks, the construction is open and you can actually look and see them working. Helps a lot when you're trying to figure out where your signal disappeared to.