On The Origin of Species by Charles Darwin Chapter 10 Page 39

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. Although each formation has indisputably required a vast number of years for its deposition, several reasons can be given why each should not commonly include a graduated series of links between the species which lived at its commencement and close, but I cannot assign due proportional weight to the following considerations.

Although each formation may mark a very long lapse of years, each probably is short compared with the period requisite to change one species into another.