Here is Peirce’s own statement and proof of the law:

A fifth icon is required for the principle of excluded middle and other propositions connected with it. One of the simplest formulae of this kind is:

$$\{(x\,-\!\!\!<y)\,-\!\!\!<x\}\,-\!\!\!<x.$$

This is hardly axiomatical. That it is true appears as follows. It can only be false by the final consequent $x$ being false while its antecedent $(x\,-\!\!\!<y)\,-\!\!\!<x$ is true. If this is true, either its consequent, $x$, is true, when the whole formula would be true, or its antecedent $x\,-\!\!\!<y$ is false. But in the last case the antecedent of $x\,-\!\!\!<y$, that is $x$, must be true. (Peirce, CP 3.384).

Peirce goes on to point out an immediate application of the law:

From the formula just given, we at once get:

$$\{(x\,-\!\!\!<y)\,-\!\!\!<a\}\,-\!\!\!<x,$$

where the $a$ is used in such a sense that $(x\,-\!\!\!<y)\,-\!\!\!<a$ means that from $(x\,-\!\!\!<y)$ every proposition follows. With that understanding, the formula states the principle of excluded middle, that from the falsity of the denial of $x$ follows the truth of $x$. (Peirce, CP 3.384).

Note. Peirce uses the “sign of illation” ($-\!\!\!<$) for implication. In one place he explains it as a variant of the sign ($\leq$) for “less than or equal to”; in another place he suggests reading $A\,-\!\!\!<B$ as “$A$, in every way that it can be, is $B$”.

Representing propositions as logical graphs under the existential interpretation, Peirce’s law is expressed by means of the following formal equation:

Proof. Using the axiom set given in the entry for logical graphs, Peirce’s law may be proved in the following manner.

A stronger form of Peirce’s law also holds, in which the final implication is observed to be reversible:

• Peirce, Charles Sanders (1885), “On the Algebra of Logic : A Contribution to the Philosophy of Notation”, American Journal of Mathematics 7 (1885), 180–202. Reprinted (CP 3.359–403), (CE 5, 162–190).

• Peirce, Charles Sanders (1931–1935, 1958), Collected Papers of Charles Sanders Peirce, vols. 1–6, Charles Hartshorne and Paul Weiss (eds.), vols. 7–8, Arthur W. Burks (ed.), Harvard University Press, Cambridge, MA. Cited as (CP volume.paragraph).

• Peirce, Charles Sanders (1981–), Writings of Charles S. Peirce : A Chronological Edition, Peirce Edition Project (eds.), Indiana University Press, Bloomington and Indianapolis, IN. Cited as (CE volume, page).