Challenge of the Gentleman Thief

Winter! The streets of Priscarbs were covered in snow and rumors. Would the police be humiliated again, or would the gentleman thief give them a break for once? Place your bets, for the message had been sent.
"Falgunus, better pass on the flutter this year."
"Sir?"
"I didn't set this up to get myself thrown out on my ear for inexusable, not to say risible, misuse of department resources." "I had wondered, sir."
"Glad to hear it."
Temborin Tower looked over the city and dared anyone to find a finer clock than the mechanism Prince Salfuneus had installed eight years earlier. The city looked back and wondered if that infamous thief would dare to strike again. Not once and not thrice had the mysterious malefactor stolen the priceless old year, aged to perfection, and replaced it with a worthless new one. No, countless incidents, more than anyone could remember, and the reputation of the police fell every time till it could hardly go lower. Houses in Priscarbs had only so many basements.
At last, it seemed the police had thrown the whole thing up. Temborin Tower had no more security than it did on any other day, and that intended mostly to prevent accidents and suicides. The streets loved to hear it, though they hoped the police would make another vain attempt at the next occasion. "Variety within tradition" was the motto of Priscarbs.
A flash! A sound! A figure appeared on the tower. It hesitated, as any criminal would when faced by so suspicious a situation, but soon assured itself that the police had well and truly dropped the reins for the night.
"Now!" The statue of a dove taking flight split apart, and from within charged Inspector Iagius and Custos Falgunus. They looped the thief and wrapped him up before he could say they had the wrong man, not that there would have been much point in that.
"Caught you! There's no to wring a confession out of you under the circumstances, but processing will go smoother if you tell us your name."
"Time."
"Strange name, but that's for your parents to think about. Take him in, Falgunus." Thanks to that triumph of police technique, the year only grew in value. The cold weather seemed to be strangely elongated in duration, but it cleared up later, just about when the thief was released for good behavior.
Finis