Answer:
My first keeps time, my second spends time, my whole tells time.
My first is an insect; my second is a border; my whole puts the face in a tuneful disorder.
At night I come without being fetched. By day I am lost without being stolen.
What tastes better than it smells?
My first is in some but not in all. My second is into but not in tall. My third in little but no in big. My fourth in port but not in pig. My whole is made in nature's way. For clothing, rugs used every day.
I fly to any foreign parts assisted by my spreading wings. My body holds an hundred hearts Nay I will tell you stranger things when I am not in haste I ride and then I mend my pace anon.