while browsing newsgroups, i found a related problem and an interesting solution:
they suggested to simply use 2 modems (and to pretend to have a postal line in between;-)) - so we even get full duplex at 19.200 or so at a std RS232 (from pc's view) - the only remaining problem is how to get the things to work without switching center - some modems with a permanent ("leased line") option are said to work without and ring/dial/power etc ...