Can you explain what you are trying to do?? What's the point of running the two off one connection? Short answer is no, the ISP will only allowed one authenticated user on line at a time.
Please look at setting up a local network within your house. Logically you cannot have 2 modems on a single connection because your modem has to talk to a single modem on the Telecom end. The router becomes the gateway on your local network and shares your single connection between your computers.
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