Hence, it is probable that in some parts of the world whole formations have been completely denuded, with not a wreck left behind.
One remark is here worth a passing notice.

During periods of elevation the area of the land and of the adjoining shoal parts of the sea will be increased and new stations will often be formed--all circumstances favourable, as previously explained, for the formation of new varieties and species; but during such periods there will generally be a blank in the geological record.

On the other hand, during subsidence, the inhabited area and number of inhabitants will decrease (excepting on the shores of a continent when first broken up into an archipelago), and consequently during subsidence, though there will be much extinction, few new varieties or species will be formed; and it is during these very periods of subsidence that the deposits which are richest in fossils have been accumulated.
ON THE ABSENCE OF NUMEROUS INTERMEDIATE VARIETIES IN ANY SINGLE FORMATION.
From these several considerations it cannot be doubted that the geological record, viewed as a whole, is extremely imperfect; but if we confine our attention to any one formation, it becomes much more difficult to understand why we do not therein find closely graduated varieties between the allied species which lived at its commencement and at its close.

Several cases are on record of the same species presenting varieties in the upper and lower parts of the same formation.

Thus Trautschold gives a number of instances with Ammonites, and Hilgendorf has described a most curious case of ten graduated forms of Planorbis multiformis in the successive beds of a fresh-water formation in Switzerland.