From: Mark Eichin (eichin@tweedledumber.cyGNUs.com)
Date: 08/10/93 

From: eichin@tweedledumber.cyGNUs.com (Mark Eichin)
Subject: Re: Color in the Message of the Day (how to insert vt100 codes)
Date: 10 Aug 1993 11:07:41

easy way:
setterm -color red > red.txt

then edit the motd and ^x^i red.txt

(haven't done it myself, but then I set a different color per virtual
console from my .bash_profile just to help keep track of them. I
should really come up with a binding for next-vc/previous-vc...)
                                                                _Mark_