We do hope you do not have filenames starting with a $ sign. Though unix will not stop you, it will give you grief. Let's assume that they are variables.
Where do the values of the variables $one and $two come from? Neither script sets a value for $one or $two.

In the first script where is the file it found? As $one is not set, is the file actually in the root directory?

Aside: In the second script "time" is the name of a unix command. Not advisible to call a variable the same name.