For this you need to enable Xft, the truetype font renderer, for Xemacs. It turns out that Xemacs beta version (21.5 onwards), can be complied with Xft support. So download it from Xemacs.org and use the following commands to compile:
and then, as usual,
Put some nice TTF fonts into your ~/.fonts directory like Bitstream Vera Sans or better, get Consolas from your Windows hacker friend who recently installed Vista in his machine, and you will find staring to the once ugly face of Xemacs a little bit more tolerable.
One note of caution though; do not forget to get your “rgb.txt” path in your Xorg.conf right, otherwise, you will empty half of you scalp, scratching why the heck those nice systax highlighting in not working. Cheers.