Ok, wanted to give an update.
I tried changing the ENV settings but still had no luck.
I did some more googleing with wy60 since I have used that also and I found this webiste with the wy60 Terminal Emulator:
Compiled and installed it and it works great.
Just had to change my default font to Linux and now it works as well as my Power Term on my Windoze partition.
Thanks for all the help. I did not find much here about wy50 emulation so hopefully this will help the next person that is trying to telnet using wy50.