> What I am looking for is how to connnect the two linux running computers
> using modem configured in LEASED LINE MODE.
...
> 4. Now, how can I configure PPP between these two computers so that I can
> make these two computers talk to each others whenever there is a proper
> connection.
> 5. So that I can utilize the resources of each other, like telnet, ftp, www
> etc.
Cf. the Leased Line mini-HOWTO, at
http://metalab.unc.edu/LDP/HOWTO/mini/Leased-Line.html
Hope it helps,
Jan
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Dr. Jan Vejvalka
Inst. of Scientific Information
2nd Medical Faculty, Charles University
V uvalu 84 fax: +420 2 2443 5820
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