configure error: Could not link against boost_system
In my case I was missing some necessary parts of boost. Try executing on Ubuntu/Debian:
sudo apt-get install libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-program-options-dev libboost-test-dev libboost-thread-dev libboost-iostreams-dev
I thought I had it installed but
$ sudo apt-get install libboost1.48-*
fixed the problem for me by installing missing boost packages.
On a Debian based 64-bit machine, the following command fixed this error for me:
./configure --with-boost-libdir=/usr/lib/x86_64-linux-gnu