structure than in any of the forms we have hitherto considered. Forms closely related to it occur among the earliest remains of vertebrata that are to be found in the geological record. Since the immeasurably remote Silurian period, sharks and dog-fish have probably remained without any essential changes of condition, and consequently without any essential changes of structure, down to the present day. Then, as now, they dominated the seas. They probably branched off from the other vertebrata before bone had become abundant in the inner skeleton, which is consequently in their case cartilaginous, with occasional "calcification" and no distinct bones at all. Unlike the majority of fish, they possess no swimming bladder-- the precursor of the lungs; but in many other respects, notably in the uro-genital organs, they have, in common with the higher vertebrata, preserved features which may have been disguised or lost in the perfecting of such modern and specialized fish as, for instance, the cod, salmon, or herring.
Text Book of Biology, Part 1: Vertebrata · The Wunder Library — complete classics, free to read, with narration.