It's definitely something that shouldn't be done. Right now, you've got one serious problem: Your tank isn't completely cycled. The ammonia level is stressing your fish. Any reading above 0 for ammonia or nitrite is bad (as your ammonia cycle finishes, nitrite levels will take the place of ammonia), and anything over .25 is of immediate serious concern - 0.5 is cause for panic.
Salt reduces the toxicity of nitrite and nitrate - it does nothing for ammonia, which is almost certainly the source of your current stress.
Nitrite in a cycled tank should be 0, and nitrate is controlled through water changes (in a cycled tank, this is rarely 0, but it does happen on occasion, particularly in heavily planted but lightly stocked tanks). If either is present in sufficient quantities to justify the use of salt, the tank is either uncycled or improperly maintained. The best route in both cases is water changes, not salt. With salt, you're trading one stress for another. It can help in the second half of a cycle with nitrite levels, but it's usually not recommended, as using it with every water change (cycling with fish can sometimes require several water changes a day) will get very expensive.
Ideally, you should return both fish now and proceed with a fishless cycle (See the sticky threads in this section for all the required details). If you proceed with the fish, test at least every 12 hours for ammonia and nitrite, and do a water change if there's any reading of either, and make sure both are kept under .25 - if it's going over that in 12 hours, either do bigger water changes or more frequent.