If you wish to use a text terminal on com1:, you can issue:
mode=com1:9600,n,8,1,p
mode con:=com1:
to assign con:, the default Console device, to the terminal after setting up the com port to the same settings as the terminal (I'm assuming 9600bits/sec, no parity, 8 data, 1 stop, and no timeoouts).
You would then issue
mode con:=con:
from the terminal to return control to the default console.
If you wish to communicate with a modem on the com1: serial port, run a DOS terminal program.