You mean the actual console? (Because xterms also tend to be, well, 24, in their case but that's *easy* to fix. *g*) I think you have to have framebuffer enabled and add a vga=n line in lilo.conf. I have vga=773, which gives me 1024x768, and about 48 lines with my console font. I think there's a way to change it without fb, but I don't know it.
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