On The Origin of Species by Charles Darwin Chapter 15 Page 18

length, for fossiliferous formations thick enough to resist future degradation can, as a general rule, be accumulated only where much sediment is deposited on the subsiding bed of the sea. During the alternate periods of elevation and of stationary level the record will generally be blank. During these latter periods there will probably be more variability in the forms of life; during periods of subsidence, more extinction.

With respect to the absence of strata rich in fossils beneath the Cambrian formation, I can recur only to the hypothesis given in the tenth chapter; namely, that though our continents and oceans have endured for an enormous period in nearly their present relative positions, we have no reason to assume that this has always been the case; consequently formations much older than any now known may lie buried beneath the great oceans.